- Posted in: General
The GMRgold team is proud of what we have accomplished in 2016. And we are looking forward to what the new year has to offer. As with all things, the Precious Metals industry is constantly adapting to the political and economic climate. We will strive to keep you informed and updated on all the latest news and events.
Gold and Silver’s performance in 2016
The Federal Reserve’s December 2015 decision to raise interest rates for the first time in over ten years started 2016 off with bang. Investors clamored to increase their holding in precious metals at the beginning of the year, where it rose, stabilized in the middle of 2016 and tapered off towards the end. In that time frame gold experienced its highest three-month rise since 1990! That’s a tremendous indication of the lasting power that gold has as an investment.
We also saw the price of gold and silver spike briefly in the hours following Trump’s electoral victory in early November, but immediately sold off during the next six weeks. Gold and silver rebounded in the last week of trading of 2016 to finish with respectable gains. Overall, gold and silver rose by 8.5% and 14.8%, respectively in the last year.
What This Means for 2017
I’ve always believed that diversification of one’s investments isn’t about making a dollar. At the end of the day, it’s about hedging your assets against uncertainty–protecting yourself and your families future.
For 105 years, the Federal Reserve has exercised almost absolute and unquestioned authority over America’s monetary policy. It has resulted in the following: a boom-and-bust business cycle, growth in government, increasing income inequality, and a loss of over 90% of the dollar’s purchasing power.
Diversify Your Portfolio with Precious Metals
With the new year underway, our team will be advocating for diversification in order to ensure your investments stay secure. One way to accomplish this is with a Precious Metals IRA (Click Here to Learn More). Precious Metals products such as the 2017 1 oz Gold American Eagle can be added to your retirement account to secure your entire investment portfolio.
Numismatic items can also provide a safe haven for your future should the economy ever collapse, as it has done in the past. The 2017 1 oz Gold Buffalo – PCGS MS70 – First Strike is a fantastic way to invest in a semi-numismatic item. Both monetary value because of its 1 oz 24-karat gold composition,and the limited edition label released by the Professional Coin Grading Service.
Happy New Year and God Bless!
COO of GMRgold