Precious Metals – Right Report https://right.report There's a thin line between ringing alarm bells and fearmongering. Tue, 01 Oct 2024 10:57:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://right.report/wp-content/uploads/2024/10/cropped-Favicon-32x32.png Precious Metals – Right Report https://right.report 32 32 237554330 Faith-Driven Gold Company CEO Says Not to Downplay a Trump Victory https://right.report/faith-driven-gold-company-ceo-says-not-to-downplay-a-trump-victory/ https://right.report/faith-driven-gold-company-ceo-says-not-to-downplay-a-trump-victory/#respond Sun, 15 Sep 2024 13:16:57 +0000 https://right.report/faith-driven-gold-company-ceo-says-not-to-downplay-a-trump-victory/ Anyone who receives correspondence from precious metals companies has likely received a flurry of fearmongering emails or texts claiming a victory by Kamala Harris will send gold and silver prices through the roof. This is not false, but one gold company is not only rooting for Donald Trump to win. They believe it’s going to happen.

Genesis Gold Group is one of the few in the industry that is actually rooting for President Trump in November. While most in “Big Gold” pay high-dollar Republican pundits to pitch for them, they quietly donate to and support Democrats. It’s no secret that the precious metals industry thrives when Democrats are in office.

Genesis sees it differently. Because they believe gold and silver should be viewed as long-term hedges against market turbulence, they have the luxury of supporting conservatives openly during elections. But as their Chief Executive noted, there’s no reason for Americans to shy away from precious metals if Trump wins.

“Gold prices were under $1200 an ounce when Donald Trump took office,” said Jonathan Rose, CEO of Genesis Gold Group. “By the time he left the White House for his first term prices had risen by over 50%. It seems likely they’ll perform even better during his second term.”

Rose, a Trump supporter, warned that those who are selling election fear are not positioning themselves or their clients properly.

“We understand the urgency with everything that’s happening in the world but we are still focused on helping our clients in the long-term as well,” Rose said. “Pushing doom and gloom may be effective for sales but it’s disingenuous and potentially dangerous. If gold companies push quick hits due to impending financial chaos, it’s likely their mix of metals in client portfolios are not ideally suited for growth.”

Not all silver and gold offerings are the same, as Rose noted. It’s important for those who are trying to protect their wealth and retirement to put the right coins and bars in their portfolios based on their individual goals and the economic climate.

As a faith-driven company, Genesis Gold Group does not shy away from praying with their clients, especially in times such as this. They have both precious metals experts and pastors on staff to guide their clients into making good decisions.

“We don’t have a crystal ball but we have an excellent road map,” Rose said. “That allows us to place the proper emphasis on important considerations such as bullion versus numismatics, bars versus coins, and silver versus gold. There is not a one-size-fits-all approach to Gold IRAs that can possibly be effective.”

To learn more about what Genesis Gold Group can do, reach out and receive their free, definitive gold guide, or send them questions about your own retirement needs.

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Gold Holds Steady Despite Rising Dollar: What This Tells Us About a Trump Presidency https://right.report/gold-holds-steady-despite-rising-dollar-what-this-tells-us-about-a-trump-presidency/ https://right.report/gold-holds-steady-despite-rising-dollar-what-this-tells-us-about-a-trump-presidency/#respond Sun, 01 Sep 2024 01:57:10 +0000 https://right.report/?p=214647 The gold and silver bears continue to be wrong. Years of interest rate bumps, a high stock market, and record-breaking precious metals prices should have combined for a major dip in gold and silver at some point, according to those who use traditional models. But things are different today. The world is different.

Even a juiced up U.S. Dollar that rose nicely to end August didn’t take gold down. That tells us two things. First, it means that traditional models around precious metals no longer apply. Second, it means those who influence gold and silver prices behind the scenes must be holding gold and silver because they’re not letting the prices drop.

“We despise the central banks but we watch them like hawks,” said Jonathan Rose, CEO of Genesis Gold Group. “As they continue to quietly stockpile gold and silver, we take it as a cue to put the right mix of metals in our clients’ Gold IRAs.”

With the U.S. presidential election around the corner, will traditional thinking regarding Republican and Democrat administrations hold up? It’s widely acknowledged that if Kamala Harris wins the election, precious metals prices will skyrocket. But the traditional thinking that a Republican presidency could hurt gold and silver prices may be inaccurate.

Lest we forget, precious metals thrived during Donald Trump’s first term with prices moving higher at the same rate as under Joe Biden. That combined with recent quirks in how the markets react to events points to a potential boon for those holding gold, according to Rose.

“This economy is the strangest we’ve seen in decades,” he said. “It tells us that a Trump presidency could be even better for precious metals prices than a Harris presidency because those behind the global economy will try to strengthen themselves to fight Trump’s America First agenda.”

With rate cuts expected in the near future, precious metals prices may spike ahead of the election. Then, it will be a matter of geopolitics that will determine whether they drop, stabilize, or continue to rise after the election.

Either way, physical gold and silver are becoming increasingly popular options for Americans to protect their wealth and retirement. To learn more about how Genesis Gold Group can facilitate the move, reach out to them and receive a free, definitive gold guide.

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