Eagle European Capital, LLC " A prudent person foresees danger and takes precautions." Prov 22:3 NLT
|Year to date, the silver spot price has increased from $13.82 per oz. to $17.85 on April 29, 2016 which is an astounding 29%. One reason for this rapid increase in silver and gold spot prices is due to the fact that the Shanghai Exchange officially began trading.|
In this article, Michael Snyder writes that even the government admits to a slowdown in the U.S. economy. In the first quarter of 2016, the U.S. GDP grew at a meager 0.5% annual growth rate which was lower than expected. He states that the government official GDP number is manipulated and the way to calculate GDP has been modified over the years. Interestingly, he brings up the point that President Obama is the only president in U.S. history to never have a single year when the economy grew by at least 3 percent during his presidency. In fact, the average U.S. economic growth rate will be the fourth worst in recorded history according to Louis Woodhill. He makes the point that there is no “Obama recovery”.
For those who see the signs of economic peril ahead, owning physical and tangible assets is a great way to prepare for tough economic times. One critical physical asset to own is gold and silver coins and bullion. Paper money is becoming worth less and less, while real assets are becoming more valuable as people flee to owning physical assets.
Contact Eagle European Capital, LLC at 817-825-2036 or 1-888-623-1239 for information on purchasing your precious metals today.
To read the complete article by Michael Snyder, click the link below.
The U.S. Economy Officially Joins the Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%
by Michael Snyder
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