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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STEPHANIE OSWALD, Editor-In-Chief of TRAVELGIRL Magazine, Award-Winning International Travel Expert

With Fourth of July fast approaching, what’s on your travel itinerary?  There are certain icons of freedom that every American should visit at least once in his or her lifetime. No matter how many times you’ve seen pictures of these shrines to our nation’s heroes and heritage, it’s a star-spangled thrill to witness them in person. They appeal to our patriotism and love of liberty and remind us what it means to be an American.  Award-Winning International travel expert Stephanie Oswald is available for live interviews with some suggestions on the best patriotic getaways.  From coast to coast, she will discuss everything from the top destinations to how to get the best deals for your perfect patriotic getaway.

Some of the Unique Insider Patriotic Travel Tips Stephanie offer are:

•             If Possible, Play It By Ear: The trick is to be flexible with your travel plans to get the most mileage from your dollar.

•             Start Your Paperwork: Now: First things first. Even if you don’t have a specific destination in mind, get your travel paperwork done now.

•             Pick the Patriotic Destination That Suits Your Personality

•             Go All-Inclusive: Bundled pricing makes your vacation planning easy.

•             Check out the Extras: Be sure to look for and compare extras when making your booking decision.

•             Go Online ASAP: Let online travel tools do the hard work for you

More About Stephanie Oswald:

As the Editor-in-Chief of travelgirl magazine, a Web Correspondent for The Weather Channel, and seasoned travel correspondent for CNN, she has reported on everything from stress-relieving spa treatments and unique escapes around the world to the human side of a hurricane. She is the co-founder of travelgirl — the first national travel magazine to launch after the events of 9/11. The travel and lifestyle publication was chosen by industry leader Mr. Magazine as one of the “most notable” launches of 2003. Oswald is a native New Yorker who spent 13 years globetrotting as CNN’s travel correspondent and host of the weekend program, CNN Travel Now. In 2003, she also launched a groundbreaking series called The Weather Channel Road Crew that showcased the “fun” side of weather. In 2004, she filed written and audio reports during Hurricanes Ivan and Jeanne as the very first Web Correspondent for Weather.com.  As anchor and correspondent for CNN Travel Now, a weekly program on worldwide destinations, travel trends and cuisine, Oswald specialized in adventure travel, filing reports from Europe, South America, Asia and the Caribbean. One series took her into the depths of Papua New Guinea for a rare and eye-opening look at the Huli Wigmen. Her reports also appeared on CNN Headline News, CNN in-flight programming for Delta Air Lines, CNN International and the CNN Airport Network. Immediately after 9/11, she filed human interest stories on the crisis for CNN, and covered the impact on the travel industry during live studio reports on CNN Headline News.

Stephanie’s website (www.travelgirlinc.com)

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