Investors worried about the safety of their retirement savings…
Can’t seem to catch a break.
Last year, both stocks and bonds took a bath.
Prompting MarketWatch to write…
“2022 saw the worst combined total return for both stocks and bonds dating back to 1872.”
Anyone relying on paper assets to build their retirement…
Got an awful surprise.
As Bloomberg pointed out…
“The Average 401(k) Lost 20% of Its Value Last Year Retirement accounts took a dive in 2022…”
Things seemed to improve somewhat this year.
The S&P 500 shot up almost 21% by mid-summer.
Then, over the next three months, things took a turn for the worse.
The real damage to retirement accounts took place in October.
When an unexpected correction took half the market’s gains in one swoop.
Where can investors turn for retirement safety in an unsafe market?
Central banks can give us a big clue.
Reuters reports…
“For the first nine months of 2023 however, official sector gold purchases hit 800 tons, more than in any January-September period in WGC data going back to 2000.”
The very people who are printing money like crazy…
Driving the value of every dollar in your retirement account into the ground…