Bonds are a ticking time bomb, look at Physical Precious Metals
3/10/22 - 2 min read
While the world discusses a 7.9% CPI, the ECB quietly left interest rates unchanged - they will never be able to meaningfully raise rates again without blowing up the system! Much of Europe is still in negative rate territory, and nearly 100% of dollar denominated bonds globally are producing real negative returns (nominal rate minus Shadowstats inflation rate)!
Who owns much of those bonds? YOU. In your pensions, in your 401k and IRA through target date funds or direct investment in mutual funds or ETFs. How dare you, some may say! The "experts" will say that Bonds make up a well diversified portfolio and provide a way to rebalance during a market downturn. To an extent, as long as the game of musical chairs plays on, yes that might be the case. But when the game stops, and investors look at it through a different lens, they will see that Precious Metals offer a far superior alternative to bonds, and if they hold it in physical form, they can also eliminate counterparty risk. Berkshire Hathaway never once paid a regular dividend, but the price went up for many decades and he amassed a huge following of investors. Precious metals do not have to pay you anything, instead, they provide appreciation when central banks go wild, when markets become distorted through manipulation and other means. Precious metals have also provided a stable hedge against inflation and geopolitical concerns since man first started using metals as a means to exchange goods and services. Today, some long dated bond holders are sitting on huge paper gains as interest rates have stayed low for 13½ years (yields fall, prices rise and vice versa). If we get a 1994 style calamity in the bond market (times 2 or 3), you'll see a mass exodus out of bonds, and that new currency will not be going into crypto. It will be seeking a safe haven in Precious Metals. Central banks can be broken, as George Soros proved in 1992 when he took out the Sterling pound. This time around, hopefully it is the people waking up and realizing that they can become their own Central Bank by buying Physical Precious Metals.
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Thank you for all your info. I have a Mutual Fund, not much, I talked to my financial advisor about putting it in precious metals, but he didn't think at the time that it would be better for me. I never had a job that offered 401k's or pension. And now im 62 and haven't been able to work because of a back fusion after getting hit in a parki g lot in 2019. So I pray alot, we have been buying silver when we can. We trust God with it all, He hasnt let us down yet.
What's the best strategy to move from an annuity to purchasing precious metals? I've heard that one would first transfer it to an IRA and then to a precious metals 401K. But what if I just want to buy the metals and not put them into a 401K? Do I open an account to put the annutiy funds in and then purchase the precious metals from that account? I don't have a clue about which bank to trust to park the money in or which company to purchase the precious metals from or even which company to use to store the metals. This might be a bit much to answer, but honestly I'm stuck.