TRUNEWS Radio Interviews Terry Sacka on Fed Interest Rate Hikes And Importance Of Gold-Backed IRAs
On the Wednesday edition of TRUNEWS, host Rick Wiles interviewed Terry Sacka, Chief Strategist of Cornerstone Asset Metals, to break down the implications of the Feds interest rate hike, with alternative options for wealth and asset protection through ownership of precious metals & Gold backed IRA’s.
Mr. Sacka made the statement, "The physical gold and silver COMEX inventories that back up the paper gold and silver that control the market are now at historic lows. They have sold 330 ounces of gold on paper for every real one ounce in the vault for delivery."
His full comments are in the video below: https://www.youtube.com/
He went on to say, "Just think, there are 330 guys on one side of the street and one ounce of gold on the other side. Who's going to get it?"
Rate increases are the Fed's way of saying that the U.S. economy is looking healthy. When it hikes less or changes its forecast, that's a sign that the Fed is feeling less confident about the economy's health.
A lot has changed since January 1st as stock markets around the world went on a downward ride. Investors just don't think the U.S. economy, let alone the global economy, can stand more interest rate increases. Since then, even the Fed is starting to sound a little doubtful that it can stick to its plan.
Regarding this topic he stated, "The nice part about a precious metals IRA, there actually is a physical metal purchased and stored on your behalf. Gold is capable of going back to its high, yielding a 60% return and silver a 200% return. Gold and silver are really the wealth transfer in the physical market."
About TRUNEWS Radio:
The world’s leading news source that reports, analyzes, and comments on global events and trends with a conservative, Christian worldview. Website: https://www.trunews.com
About Terry Sacka
Mr. Sacka has been quoted several times by some of the most respected financial publications, such as Investor's Business Daily and Institutional Investor and even on the Wikipedia page "Silver as an Investment".
He believes that the most valuable assets are gold, silver and survival food, which they provide at Cam Ready Food. (http://camreadyfood.com)
Company website: http://www.cornerstoneassetmetals.com