November 2020 Newsletter: Crypto, Gold, and Silver Continue Their Historic Run in October Amid Widespread Stock and Bond Market Instability

Home » Blog » November 2020 Newsletter: Crypto, Gold, and Silver Continue Their Historic Run in October Amid Widespread Stock and Bond Market Instability

The G20 nations have announced over $11 trillion in stimulus to keep their zombified economies afloat. The end result? A public-debt-to-GDP ratio in excess of 140% is expected across the world’s developed nations.

This spells doom for the sustainability of the current world order as we know it. 

Get ready for sky-high debts, near-zero growth, and next-to-no inflation. None of this is good news for a healthy economy. In fact, the macroeconomic conditions today look a lot like Japan’s “lost decade” in the 1990s.

It’s clear that we’re headed for a crisis, and no matter the outcome of this week’s election we’re going to be on shaky ground for years to come. 

Despite all the chaos and uncertainty, there are three assets that have all outperformed the stock market by a long shot this year.

Gold currently has an annualized gain of 30.75%.

Silver’s spot price has hovered around $24 per ounce throughout the month of October, up from $18.03 (+33%) from its open price on January 1.

Even better is Bitcoin. The cryptocurrency has quietly gained +84% since the start of the year. Altcoins are faring well too, with Ether sky-rocketing from $130 per token to over $400 between January and October.

To finish the year strong, you can’t bank on the stock market. 

This year, the alternatives market is the only safe haven left. Investors are turning to precious metals and cryptocurrencies in spades to safeguard their wealth. 

Invest in alternatives today and stabilize your retirement portfolio. Consider opening a gold or silver IRA to let your precious metals bullion appreciate tax-free until retirement. 

Already have wealth parked in a Roth IRA, Traditional IRA, or 401(k)? There’s never been a better time to initiate a gold IRA rollover to move your money to a tax-deferred precious metals investment account. 

Amid so much uncertainty in the market, alternative assets are a bulwark of stability. You’d be remiss not to get in on the action before prices climb higher.

 

Default image
Mark T.
Mark has worked in the investment industry in Chicago and New York for over 15 years. After graduating from Chicago State University with a degree in Finance, he has occupied various management positions at reputable banks and financial institutions, including: Chase, Bank of America, Wachovia, Sterling Trust and Fidelity. His experience has led him to develop a keen understanding of the current economic landscape. For the past 10 years, Mark has been working as an independent investment advisor and has helped many Americans learn how to protect and grow their savings by properly diversifying their portfolios.
Articles: 55

Leave a Reply