Today, in one of the most important meetings this year, the Federal Reserve agreed to keep its easy-money policies going as planned, moving to calm markets that recently have anticipated a possible tapering of stimulus. The Fed stated it will continue to buy $85 billion a month in Treasury bonds and mortgage-backed securities until the labor market improves. The purchases were launched last year and intended to hold down long-term interest rates while supporting the housing market and stock market. The Fed also stated that it expects these purchases will result in a faster decline in the unemployment rate.
For individuals looking to invest in Gold or other precious metals, today’s event shed light on what the future might hold for long-term precious metals values. The printing of money will continue to devalue it more as the Fed balance sheet expands. The Fed has been trying this approach for the past five years, dramatically increasing the money supply with very little to show for it. If you are unsure about the markets and are looking for a safer place for your assets, call American Bullion today at 1-800-326-9598 to speak with a precious metals specialists about your options for adding physical gold or silver to your retirement accounts.