Updated 9/18 –
Gold prices are up sharply Friday afternoon hitting a two week high as the Fed is caught once again waffling on the issue of raising interest rates, or not. Gold last reported p.m. is $1138.40 and silver is up at $15.26.
The Bureau of Labor Statistics reports its consumer price index fell 0.1% on a seasonally adjusted basis last month, compared to July’s rise of 0.1%. The report also indicated the food index rose 0.2 percent in August with vegetable, fresh fruit and egg prices rising considerably.
U.S. stock futures opened lower this morning as investors await the Fed’s two day meeting where the Fed may decide to raise interest rates for the first time in ten years. Whether or not the Fed raises interest rates, they still face the issue of battling an economy that simply hasn’t grown since 2008.
Unemployed Americans total more than 93 million as the 62.7 percent labor force participation settles in at a 37 year low. Over half of all U.S. households are living at, or under the national poverty level according to the BLS.
The U.S economy resembles a flat tire with the side wall blown out. As soon as you stop pumping air, it goes flat again. In 2008, the Fed ushered in an era of free money, to it’s banker friends, and the party just keeps going on and on while the American working peasants fight for economic survival.
Our system of debt will cease to exist one way or another, along with the purchasing power of the U.S. dollar. Red lights are flashing, sirens are blaring and the writing is on the wall.
How we protect our wealth really does matter. We don’t have to be victimized by central banks running ponzi schemes called stock markets. Physical gold and silver are available for immediate delivery and we also have the option of owning real physical precious metals in our IRA.
There’s never been a better time to purchase silver and we have many products in stock available for shipment. The Australian Silver Funnel Spider 1 oz. coin is being offered at special discounts when purchasing a monster box. Give us a call at 1-800-577-3195 Ext. #1 to place your order.
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