WARNING: US Ponzi Retirement Market In Big Trouble, Protect With Precious Metals
The US retirement market is in trouble as annual benefits paid out are now larger than total contributions. Net withdrawals were the highest in history, and when payouts become larger than contributions we have the making of the typical Ponzi scheme.
When the markets crack, so will the value of the US retirement market. On the other hand, Americans who were wise enough to purchase physical precious metals will protect their wealth as the paper retirement market collapses.
Americans who were wise enough to purchase physical precious metals rather than put their money into the greatest Ponzi scheme in history will be protected, while most paper assets disintegrate.
If an American decided to purchase $100,000 in physical gold over the past 30 years, they would have a true physical asset that they can sell close to that $100,000 figure. If an American had $100,000 in their 401K, they would have to pay a 10% penalty for early withdrawal. While a 401K withdrawal is taxed as regular income compared to physical gold taxed at a maximum of 28% capital gains, you can at least hold on to nearly three-quarters of your wealth.
Once a market crash occurs, the value of most Americans’ retirement assets will implode. There will likely be a 50-75% collapse (or more) in the typical US retirement account. Thus, the $100,000 invested in a 401K could fall to a low of $25,000, while $100,000 invested in physical gold could easily double to $200,000.
That will be the likely outcome. An American who has invested $100,000 into a 401K will find that his or her retirement account will fall to one-tenth its value versus someone who purchased physical gold. The coming collapse of the US and the global oil industries, due to lower oil prices, will be the factor that destroys the US retirement Ponzi scheme. It is only a matter of when.