This is
G&G Associates Tax & Financial Consulting
e-Newsletter
G&G Associates Tax & Financial Consulting
e-Newsletter
We've Entered a New Phase in the Precious Metals Market
Hotep G&G Readers,
It is one of the markets biggest fears ... the spread of negative interest rate policy.
Central banks have pushed short-term rates below zero in much of the world. This has set off a chain reaction that has pushed up prices – and pushed down yields – in practically every debt market around the globe. It has made it virtually impossible for savers and retirees to earn safe income in traditional investments today.
This situation is frightening enough ... But a greater fear is that struggling banks – which are currently shouldering the worst of negative interest rates – would eventually have no choice but to pass negative rates on to their customers ... and begin charging them interest on their savings.
The next move in negative rates could trigger a massive, global "run on the bank" as folks begin hoarding cash and gold to protect their savings from these penalties.
I'm sorry to say that day may be here and I've been warning GGIS Subscribers and readers of this for years.
Central banks have pushed short-term rates below zero in much of the world. This has set off a chain reaction that has pushed up prices – and pushed down yields – in practically every debt market around the globe. It has made it virtually impossible for savers and retirees to earn safe income in traditional investments today.
This situation is frightening enough ... But a greater fear is that struggling banks – which are currently shouldering the worst of negative interest rates – would eventually have no choice but to pass negative rates on to their customers ... and begin charging them interest on their savings.
The next move in negative rates could trigger a massive, global "run on the bank" as folks begin hoarding cash and gold to protect their savings from these penalties.
I'm sorry to say that day may be here and I've been warning GGIS Subscribers and readers of this for years.
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Want to Know How To Protect your Portfolio from Negative Interest RatesInternal Sponsorship:
If you get paid in dollars and hold the majority of your assets in U.S. stocks or bonds, your wealth is in significant danger (401K’s, TSPs, 403Bs, Mutual funds, etc).
To become a member of the G&G Investment Society (GGIS) newsletter subscription to learn how to take advantage of some of our suggestions so you can protect your wealth and portfolio against a fallen dollar, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.
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Two weeks ago, Dutch bank ABN Amro (ABN.AS) became the first large bank in
the world to announce plans to pass negative interest rates on to their customers. According to its website, the bank is currently updating its
policies and could begin charging interest on business checking and
savings accounts as early as October 1.
A few days later, Royal Bank of Scotland (RBS) – one of the largest banks in the U.K. – sent letters to more than 1 million business customers warning it could soon do the same.
It singled out the upcoming Bank of England policy meeting, at which Britain's central bank is largely expected to slash interest rates following the recent "Brexit" decision. The bank promised to do everything it could to protect customer accounts, but said it would "consider any necessary action in the event of the Bank of England base rate falling below zero."
A few days later, Royal Bank of Scotland (RBS) – one of the largest banks in the U.K. – sent letters to more than 1 million business customers warning it could soon do the same.
It singled out the upcoming Bank of England policy meeting, at which Britain's central bank is largely expected to slash interest rates following the recent "Brexit" decision. The bank promised to do everything it could to protect customer accounts, but said it would "consider any necessary action in the event of the Bank of England base rate falling below zero."
I'm not surprised this is happening. Events are playing out almost exactly as I expected. But I must admit ... even I'm stunned by just how quickly things are moving.
I continue to believe the end game is clear: As money flees the crumbling paper-currency system, it's going to flood into gold and other precious metals... and push prices to heights that are unimaginable today.
I continue to believe the end game is clear: As money flees the crumbling paper-currency system, it's going to flood into gold and other precious metals... and push prices to heights that are unimaginable today.
As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
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