Miami, FL -- (ReleaseWire) -- 08/04/2014 -- Economic news remains mixed for America. For the sixth month in a row, America added more than 200,000 jobs, yet the unemployment rate rose to 6.2 percent. Sadly, inflation continues to tick higher, as it has done for the past few weeks, and many remain underemployed, with the average nonfarm worker getting only 34.5 hours, a trend that has continued for five months straight. This leads many to question their current investment strategy, leaving them wondering if they will have enough in the future to live on and fully enjoy life.
"Individuals need to look at new ways to expand their investment portfolio, and one way to do so is through the use of a gold backed IRA. Many, during their research, discover the benefits of a gold backed IRA. One major advantage of going this route is it protects one in the event the stock market takes a tumble, as gold and silver tend to rise in value as the stock and real estate markets decline," Carlos Hurtado, spokesperson for Major Money Entertainment, explains.
The Wall Street Journal also advises people to take a hard look at the stock market. They analyzed data from the past 45 years and found the stock market loses 20 percent each time three warning signs are seen together. These three signals are significant overvaluation using measures such as price/earnings ratios, extreme performance divergences in various market sectors, and bullish enthusiasm. All have been seen in the month of July, 2014.
"Consumers need to take this as a warning sign that the stock market could soon take a turn for the worst. Although two of the three signs have been present for some time now, the addition of the third sends up a red flag for those who are watching. Now is the time to take a hard look at one's overall financial plan and see if changes need to be made. For many, they will," Hurtado continues.
A gold backed IRA allows one to protect their financial future, by hedging against inflation and manipulations of governments around the globe. Unrest continues in many parts of the globe, some are suggesting investors pull out of Israel, while others wait to see what Russia will do next. Some believe the Federal Reserve here in America continues to fuel a giant stock market bubble, while they keep interest rates at levels not seen before.
"With so much going on in the world right now, investors continue to be nervous. They don't know when or where the next crisis will appear, yet it appears the stock market may be hit hard and very soon. Anyone concerned about this needs to take another look at gold. Gold protects one's wealth and it remains a hot commodity, as it is used for medical purposes, in the manufacturing of electronics, to create beautiful pieces of jewelry and more. Don't delay as prices could rise again in the very near future and it could be too late to get in before this happens," Hurtado states.
About Major Money Entertainment
Major Money Entertainment strives to educate investors on the merits of precious metals. The site covers everything from reasons to invest in gold to how to complete a gold 401k rollover. In addition, one learns about retirement options planning, where to find precious metals at reasonable prices, and more. The more information one obtains, the better they will be able to plan for their financial future, and Major Money Entertainment strives to provide this information.