Published: May 21, 2021 |

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Patriot Gold Group forewarned clients about the excessive monetary policy enacted by The Federal Reserve in response to the Covid shutdown and the resulting inflation is reminiscent of the 1970’s when double digit inflation wreaked havoc on America’s economy. Larry Summers sounded the alarm last week when he voiced “I’m concerned that what is being done is substantially excessive” and that the “scale of fiscal and financial largesse beforehand solely seen in world wars.” Inflation has now entered its final and worst stage where the prices of ordinary goods and services purchased by consumers are forced to be raised. Coca Cola, Procter & Gamble along with Kimberly-Clark are a small sample of companies that are forced to raise prices on toilet paper, diapers, and everyday essentials. Lumber prices have skyrocketed over 230% and could “spiral out of control in the next few months” thanks to recession induced record low interest rates causing a housing boom.”

These concerns are only magnified when you consider the multi trillion-dollar social safety net legislation and bills now being proposed by this new White House Administration! President Biden has recently released in addition to the 1.9T Covid Relief Bill an additional $4 Trillion Dollar “Infrastructure Bill” & “America Families Plan” both of which are no more than an expansion of “American Social Safety Net” As if all of this was not worrisome enough Biden plans on repealing Trump’s historic tax reforms and raising capital gains taxes, corporate taxes and individuals and families making over $400K/year to pay for it all which according to the National Association of Manufacturer’s could cost 1 million American’s jobs and be the dagger in the recovery for Americans as we pull ourselves out of this government induced economic shutdown.

April’s abysmal jobs report in which The U.S. added a mere 266,000 jobs only exacerbates the situation in which the bulk Central Bankers see “waiting until 2024 before lifting rates.” American’s “flush with savings and enhanced unemployment benefits still available have the “wherewithal” to wait to return to work thanks to Biden’s multiple Trillion Dollar Stimulus packages. Gold & Silver have soared since the report and update that Central Bankers are committed to keeping rates near 0% until 2024.

“Economists all agree as America is returning to work and the economy is back on track enacting the single biggest tax hikes in generations can only sideline or altogether halt recovery efforts,” said Jack Hanney, CEO of Patriot Gold Group.

“Biden, along with Bernie Sanders are using the Covid pandemic hysteria and plight of the American people to propel overly aggressive, expensive legislation masking it as a recovery effort but in reality, causing more damage to our free-market Capitalist society that America and innovation was built and thrives on,” added Hanney.

Wells Fargo raised their 2021 price target to $2,200 an ounce and stated, “Gold’s strongest price rally is coming as gold supplies have flipped from excessive to deficient.” said Ex Managing Director of JP Morgan Jon Deane.

“We are sitting on an economic cliff and Gold will be well north of $2,000 an ounce this year. We are already seeing inflation. If you look around the world, you see real estate prices, building supplies, and services skyrocket, what we created since the early 1990’s is an entire financial infrastructure relying on debt and we have accelerated that dramatically in our response to managing the Covid-19 crisis,” added Deane.

Deane forecasts Silver to be between $35 - $40 and ounce and Bloomberg Intelligence and Saxo Bank raised their silver forecast to $50 an ounce in 2021 based on the excessive money printing and Biden’s commitment to renewable energy.

Patriots Serving Patriots Announces Fee Reimbursement “Inflation Protection” on Many Retirement Options Ahead of July 15th,2021

Patriot Gold Group is introducing the “2021 Inflation Protection America First IRA” with its no fee for life IRA for qualifying IRAs. Patriot Gold Group is lowering the minimum requirement for its no fee for life IRA and waiving fees for segregated, secured, and insured storage of safe-haven assets, in addition to waiving the cost of registered and insured shipping to your home, Patriot Gold Group is also waiving most fees on IRA accounts opened through July 15 2021.

About Patriot Gold Group
Patriot Gold Group is a nationwide investment group with more than 50 years of precious metals investing experience. The company has been rated the Top IRA Gold & Silver Dealer by Consumer Affairs for an unprecedented five years in a row (i.e., 2016–2020), is A+ Rated with the Better Business Bureau, has earned a 5-star TrustPilot rating, and has been endorsed by political consultant and New York Times Best-Selling Author Dick Morris.

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