Gold Briefs and Essential News

25 Mar

Gold Briefs and Essential News

Goldman Sachs – “Time to buy the Currency of Last Resort”

Goldman Sachs gets it.  “We have long argued that gold is the currency of last resort, acting as a hedge against currency debasement when policymakers act to accommodate shocks such as the one being experienced now,” said the investment banking giant this week.

The company cited the 2008 precedent when the Federal Reserve announced its Quantitative Easing liquidity operations.  Over the next three years, gold surged to all-time highs.  

Similarly, in the current pandemic environment, the Fed has announced that it will use “its full range of tools” in liquidity operations.

Money Printers Gone Wild!  A Trillion Here, a Trillion There!

The coronavirus and bailout package in Washington could amount to more than a quarter of America’s Gross Domestic Product.   

Altogether the package could total $6 trillion!  

At the White House coronavirus task force briefing on Tuesday, Larry Kudlow, the President’s economic advisor, said measures would include $4 trillion in lending power for the Federal Reserve as well as the $2 trillion aid package.

“This package will be the single largest main street assistance program in the history of the United States,” Kudlow said.

US Output Drops at Fastest Rate in a Decade

The Purchasing Managers Index reports on the expected contraction of the US economy.  It’s business output index shows a sharp decline in March, following a decline in February.

“The service sector signaled an especially steep downturn in business activity, while manufacturers registered the sharpest drop in output since August 2009.

“Companies also reported the first contraction of new business since data collection began. The marked decrease in new orders stemmed from sharp falls in client demand following the outbreak of COVID-19, according to panel members.”

Republic Monetary Exchange Continues to Meet Client Needs!

While many – if not most – of our competitors across the country have found themselves unable to meet the needs of clients anxious to acquire gold and silver, Republic Monetary Exchange continues to provide its customers with the popular gold and silver products they seek.

Many of our competitors are out of gold and silver.  Either sold out, or without the inventory, market connections, and experience we have.  In any case, they are not able to deliver gold and silver.

Many dealers ask to be paid today for gold and silver that may be delivered at some indeterminate time in the future.  We recommend strongly against that.

We urge you to contact Republic Monetary Exchange today.  Speak with one of our precious metals experts and prepare now for conditions to come.  

Do not wait for more Washington red ink and trillions in printing press money to drive gold and silver prices to new highs.  Contact us today!

ONE ADDITIONAL NOTE:  We know that events have squeezed many people’s personal finances and that some may need to sell gold and silver.  Perhaps you’ve heard our advertising over the years, that in addition to offering the best prices to buyers of precious metals, because we operate a continuous two-way market, buying and selling, we are able to pay the most for gold and silver when you wish to sell.  

Let us help you, even if you didn’t buy your gold and silver from us.