The Casino Economy
Avoid the casino economy! The stock market looks more like a casino every day. And you know that casino odds are never in your favor.
Casino? Consider David Stockman’s observation that “between the September 21 intra-day high of 2,941 and the 2,351 close on Christmas Eve, the S&P 500 index dropped by a stomach-churning 25% in just 64 trading days.”
That drastic move wasn’t because the underlying conditions, sales, markets, or revenue picture of American business had changed dramatically in those three months.
It was because the Fed intended to raise interest rates. Betting on the future value of stocks based on what a handful of unelected and mostly unknown Fed officials may do next is like betting on a roll of the dice.
It is not investing. It’s a crap shoot.
Then the Fed changed its position on interest rates and the market moved back up. The Dow Industrial began trading above its 50-day moving average.
But suddenly, with the next roll of the dice and some announcements from Washington, a trade war began gaining traction. Now the market has fallen for two weeks and is trading below its 50-day moving average again.
With every little change in the breeze, with every change in the Washington winds, the market reverses itself.
That is not a reputable trading environment. It is a casino.
The more volatile the stock market, the more dangerous to you. And the more important it is to own gold.
Casino markets come and go. But gold has been the preferred money of the world for thousands of years, the supra-sovereign currency that outlasts all paper money schemes, and the best haven for safety as governments gorge themselves to death on debt.
Leave the casino. Cash in your casino chips. Protect yourself and your family from the casino economy. With gold and silver.
Speak with an RME associate today. Simply call our office, (602) 955-6500, and you will be connected to one of our knowledgeable gold and silver professionals.
