American Hartford Gold

An economy reeling from inflation, slow growth, and increasing unemployment now faces further instability as the Democrats select a new presidential nominee. Kamala Harris, the presumed candidate, has a record of policies that are even further to the left of Biden. The country could move from inflation-inducing Bidenomics to even more government spending under Kamalafare. The effects of which could be hazardous to retirement savings.

In a world reeling with political turmoil, gold is once again proving itself to be an unrivaled safe haven asset. Throughout history, gold has been a reliable store of value. As uncertainty increases, so will the demand for the precious metal.

To the alarm of economists, several major banks failed the Federal Reserve's most recent stress tests. Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase stumbled when it came to meeting their liquidity needs. While each bank had specific failures, their overall performance raises concerns about their preparedness to handle financial turmoil. Economic distress, of which there is no short supply of these days...

In just six months, from January to July 2024, America's national debt skyrocketed from $33.99 trillion to $34.86 trillion. That's an astounding increase of $876 billion. With the budget deficit projected to hit $2 trillion, $300 billion more than last year, alarm bells are ringing across the financial and political spectrum. Learn more:

In the past year, the stock market has been marked by volatility. All three indexes went from crashing mid-2023 on rate hike fears to setting new highs in 2024. As investors bask in the glow of recent stock market records, a dark cloud looms on the economic horizon. Analysts are sounding the alarm about a potential deep recession that could send shockwaves through the financial world

Happy 4th of July from all of us here at American Hartford Gold!

The stock market is buzzing with excitement over artificial intelligence (AI). Comparisons are being drawn to the dot-com bubble of the late 1990s. As investors pile into AI-related stocks, particularly chip manufacturer Nvidia, many are wondering if history is about to repeat itself. Nvidia's graphics processing units (GPUs) are the go-to solution for generative AI. They have seen their shares skyrocket by nearly 4300% over the past five years.

As we turn the page on another quarter, the precious metals market continues to shine. In a remarkable display of resilience and strength, gold has once again shattered records, closing the second quarter at an unprecedented high. This marks the third consecutive quarter of record-breaking closings. Gold ended the week at a staggering $2,336 per ounce.

The Federal Reserve is signaling that relief from high interest rates may not come as soon as many had hoped. Despite earlier expectations of multiple rate cuts in 2024, Fed officials are now hinting at the possibility of only one cut, or even none, as they continue to grapple with persistent inflation. This stance has significant implications for the economy and retirement funds.

For decades, the petrodollar system has been a cornerstone of American economic dominance. But as global dynamics shift, this long-standing arrangement...