Gold soared over $1,300 per ounce in the aftermath of the Federal Open Market Committee (FOMC) meeting on Wednesday. Their decision resulted in an indefinite delay in interest rate hikes, as well as the possibility of lowering rates to zero if another economic shock occurs. Further, a majority of the committee members are in favor of cutting back on forecasted rate increases over the next 2-3 years…while advocating only one increase for the balance of 2016.
Their decision was based on abysmal job numbers from early June and the upcoming Brexit vote next Thursday in the UK. The vote is very close, within the margin of error in early polling. With these points considered, the Fed now believes our economy could face unnecessary risks if they were to raise interest rates prematurely.
Gold settled at $1,062 per ounce at the end of 2015, and now we have prices around $1,310 per ounce. That’s almost a 24% increase from the beginning of 2016. As economic uncertainty grows, gold will provide the security you need to hedge against volatility in traditional markets.
Right now, 1-ounce gold Canadian Maples are 3.5% over spot*. Free shipping, handling and insurance on orders of 10 ounces or more. For orders of 9 ounces or less, there is a $25 charge for shipping, handling and insurance.
Please call us at 800-831-0007 to place your order! And mention this special code MAPLESRC and tell them Self-Reliance Central sent you.
*Prices are subject to change due to market fluctuation and product availability. Offer expires June 17, 2016, 5 PM EST.