Are Surging Gold Prices a Sign of Coming Inflation?

Six-month on the Covid crisis continues with political unrest on the side, with that the stock hasn’t crashed and gold is reaching record highs in the $2,000 per ounce range. Millions are unemployed and receiving government assistance as large sectors of the retail, restaurant and entertainment industry lay idle, waiting for the lockdown to end. Cities fraught with violent riots under the cover of political protests are seeing businesses close and highly-productive citizens fleeing: New York, San Francisco, Seattle, Portland, Minneapolis are all seeing this trend accelerate. During it all how are the fundamentals of the economy reacting?

An upswing in gold prices is viewed traditionally as investors fleeing stocks in fear of inflation, however, those bets have often proven wrong in the past and may well be mistaken again. Inflation generally accompanies an overheating economy, not one that is slowing down. Gold prices also signal fear of a stock market collapse, but many sectors of the economy are proving resilient and one aspect of previous downtowns must be taken into consideration: an extremely powerful Internet infrastructure that allows for many businesses to continue operating remotely or providing services and selling products online. Compared with the downturn in 2008, the speed and power of Internet connections has increased 100 times in terms of backbone strength.

Such a trend has allowed millions of workers, teachers and school children tore main productive despite the lockdown, thus providing an economic cushion. Cities with safe environments will welcome millions of transplants fleeing lockdown and political unrest, causing some to cities to suffer a slow, painful decay while others prosper mightily. When this ends, a coiled spring of economic growth will result.

Q & A:

1. Will gold continue to rise and along with it the rate of inflation?

A: Gold has been going up the last few months in response to real fear of economic collapse, however, this is a knee jerk reaction as uncertainty grips everyone. Investors rushing for the exits may have missed many opportunities as many sectors of the stock market have proved sturdy and growing. But one question can’t be answered; when will the lockdowns end? Restaurants and real estate are bleeding out everyday they are not allowed to operate.

2. Is gold a true safe haven?

A: It depends on the form of your investment; are you taking the actual gold bullion or gold futures, big difference. Having gold bars in your safe is all nice and fine, but if the economy recovers and the fear of inflation dissipates then the price of gold, as it always does, will retreat along with other precious metals.

3. We are looking a fall season unlike any ever experienced in the lives of everyone, what can government leaders do now?

A: Well for one thing they should even talk about raising taxes, that would cripple an economy that is fighting to stay afloat. All one hears from the Democrats are further plans for sucking up the wealth of private citizens, whether if it higher personal income, capital gains taxes of abolishing 401k style retirement plans. These types of actions would be devastating.

4. What are the worst political leaders doing right now?

A: Cities and states are in a double bind, places like California, Illinois and New York are crippling the economy with lockdown policies and allowing violence to flourish. Asking citizens to endure both sides of this equation will only result in total disaster. You will get a shrinking economic base and empty cities run by criminals.

5. Even with all the uncertainty, the stock market has held up rather well?

Absolutely, I believe many smart investors know this economy was booming and is now like a coiled spring ready to blast forward. When the government gets out of the way it blast off and the gold investors will be left out in the cold. In our modern world capital flows rapidly and the Internet backbone allows for versatility.

6. Where may we get more information on your company, PatriotGold Group, investments and the economy?

A: PatriotGoldGroup.com

Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.

Born and growing up in Westchester County, NY where his father was a successful politician and owner of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under William O’Neill, arguably the single most successful investor in the history of the markets and founder of Investor’s Business Daily and author of How to Make Money in stocks.

Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made aname for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.

Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before collaborating with two other prominent experts in his field and opening PatriotGold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.

Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group(PGG), where he is a senior partner, who he refers to as dear friends and family and now … welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.

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MEMORIAL DAY IS OUR FIRST NATIONAL HOLIDAY TO HAPPEN DURING THE PANDEMIC….

THE TRADITIONAL PARADES AND CEREMONIES ARE EITHER CANCELLED OR POSTPONED THROUGHOUT THE COUNTRY.

SO, IN AN ERA OF SOCIAL DISTANCING, HOW DO YOU PAY TRIBUTE TO THOSE SOLDIERS WHO SACRIFICED THEIR LIVES FOR OUR COUNTRY?

HERE TO EXPLAIN, IS MAJOR GENERAL JONATHAN WOODSON, THE ARMY RESERVE MEDICAL COMMAND COMMANDING GENERAL HE’LL ALSO BRING US UP TO DATE ON THECOVID-19 DEPLOYMENTS OF ARMY RESERVE SOLDIERS.

BIO-MAJOR GENERAL JONATHAN WOODSON

Commanding General

Army Reserve Medical Command

Major General Jonathan Woodson assumed duty as Army Reserve Medical Command Commanding General on March 31, 2019, following his previous assignment as 3rd Medical Command DeputyCommanding General.

A native of New York City, Major General Woodson is a graduate of the city college of New York and the New York University School of Medicine. He received his postgraduate medical education at the Massachusetts General Hospital /Harvard Medical School and completed residency training in Internal Medicine, General, and Vascular Surgery. He is board-certified in Internal Medicine, General Surgery, Vascular Surgery, and Critical Care Surgery. Additionally, he holds a Master’s Degree in Strategic Studies from the U.S. Army War College.

major general Woodson has served in a variety of assignments from the tactical level through Corps which include Commander of the 399th Combat Support Hospital,330th Medical Brigade, and 804th Medical Brigade, Deputy Commander for the ArmyReserve Medical Command, and assignment as the Assistant Surgeon General for reserve Affairs, Force Structure, and Mobilization. His operational deployments include Operation Desert Storm, Operation Iraqi Freedom, and Operation EnduringFreedom. Additionally, Major General Woodson deployed to Kosovo as a part ofTask Force Medical Falcon IV.

In his civilian capacity, Major General Woodson is the Larz Anderson Professor in Management and professor of the Practice at the Boston University Questrom School of Business; Professor of Surgery at Boston University School of Medicine; and Professor of HealthLaw, Policy and Management at the Boston University School of Public Health. Heis also Director of the university-wide Institute for Health System Innovation and Policy. From 2010-2016, following his appointment by President BarackObama, he served as the Assistant Secretary of Defense (ASD) for Health Affairs for the United States Department of Defense. In this role, he served as the principal advisor to the Secretary of Defense for all health and force health protection-related issues and ensured the effective execution of the Department of Defense’s medical mission. His organization provided and maintained medical readiness for the medical services including and during military operations, those held in control of the military services, and those entitled to Tricare. He exercised authority, direction, and control over the Defense Health Program($50+ billion), Defense Health Agency, Uniformed Services University of theHealth Sciences, Armed Forces Radiobiology Research Institute, Defense Center ofExcellence for Psychological Health and Traumatic Brain Injury, and the TricareHealth Plan serving 9.5 million beneficiaries. During his tenure, MG Woodsonled the Military Health System through the most significant transformation in 5decades. For this work, he was awarded the Department of Defense DistinguishedPublic Service Medal (highest award given by DoD). While serving as ASD, MGWoodson co-Chaired several Presidential Commissions and Delegations. In 2015he was named one of the most influential medical policy leaders in Washington(Executive Mosaic) and in 2016 one of the Top 25 minority executives in healthcare (Modern Health). In 2017, the George Washington Milken Institute and school of Public Health and Black Doctors.Org named him one of the top African Americans in healthcare. Additionally, Savoy Magazine named him to their list of Heroes in Medicine.

His awards and decorations include the Legion of Merit, Bronze Star Medal, Meritorious Service Medal (1 Oak LeafCluster), Joint Service Commendation Medal, Army Commendation Medal (2 Oak LeafClusters), NATO Medal, Kosovo Campaign Medal, Expert Field Medical Badge, Flight Surgeon Badge, and the Air Assault Badge.

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Spectacular  Events and Moments All around the World

“Dietrich” set for one-night only performance at The Triad
Solo play honors legendary performer, patriot and feminist Marlene Dietrich

New York (June 6, 2018) – “Dietrich,” a compelling solo play about iconic German actress Marlene Dietrich, will wow New York audiences in a special one-night performance at the Triad Theater June 22.

“Dietrich” will take the stage at 9:30 p.m. at The Triad, the celebrated and widely-known Off-Broadway theater located at 158 W. 72ndSt.

Tickets are $25. For tickets and more information, visit http://apps.vendini.com/u/73b311ea71 or call 212.279.4200.

Written by Willard Manus, directed by Judith Rose and starring Cindy Marinangel, “Dietrich” is a based on a true story. Set in May 1960, the play takes place when the actress returned to the Berlin stage for the first time since fleeing the Hitler regime in the 1930’s. Inside her dressing room at the Tatiana Palast Theater, Dietrich weighs whether to go through with the live performance despite threats on her life by Nazi sympathizers who resented her for having spent much of World War II entertaining American soldiers on the front lines. To them, Dietrich is a turncoat; a traitor who deserves to be shot and killed on stage.

“Dietrich” (formerly known as “Marlene”) celebrated its world premiere at the Brickhouse Theatre in Los Angeles and recently debuted in New York at the Hudson Guild Theatre as part of the New York Theatre Festival’s annual Winterfest.

Cindy Marinangel is a Lifetime Member of The Actors Studio and a graduate of the Chicago Second City Conservatory. Marinangel was recently seen in “Beverly Hills Christmas,” a holiday film starring actor Dean Cain that airs seasonally on UPtv.For more information, visit www.cindymarinangel.com.

Willard Manus is a playwright, journalist and novelist. He is a member of the playwrights/director’s unit of The Actors Studio. His most recent plays are “Joe and Marilyn: A Love Story,” “Frank and Ava” (now a motion picture) and “Who Killed Comrade Rabbit?”

Judith Rose is a member of Actors Equity, the Society of Stage Directors and Choreographers as well as the playwrights/directors unit of The Actors Studio. She directed Ed Asner and Estelle Harris in “When One is Gone,” and Betty Garrett and Tess Harper in “Wendy and Me.” In 2017, Rose directed Broadway veteran Maybin Hewes in “Still Struttin’” and “Don & Me,” both one-woman musical shows

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Brooklyn Borough President Marty Markowitz is calling on Brooklyn veterans of Operation Desert Storm—particularly vets of the 102nd Maintenance Company of the Army National Guard—to carry a special Brooklyn flag in New York City’s Veterans Day Parade on Sunday, November 11. The 102nd Maintenance Company—“The Pride of Brooklyn”—carried the flag during the campaign to liberate Kuwait 20 years ago. During battle, the flag sustained damage when an American Patriot missile hit an Iraqi Scud missile over the position held by the 102nd, causing molten metal to rain down on the flag. The flag is displayed in the Rotunda at Brooklyn Borough Hall.

BP Markowitz will present the flag to an appropriate group for inclusion in this year’s parade. The United War Veterans Council of New York, organizers of the Veterans Day Parade, has reserved a place of honor for these veterans in the march next month.

Brooklyn vets of Operation Desert Storm and the 102nd Maintenance Company of the Army National Guard interested in participating are asked to call the United War Veterans at 212-843-9367.

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