The Dow Jones Industrial Average plunged more than 696 points at its low today, brining a dismal end to the worst week the stock market has experienced in two years and its biggest point drop since the 2008 financial crisis. The S&P 500 also dropped, losing -2% as the NASDAQ fell -1.7%.
The latest market free-fall only underscores the fragile nature of Wall Street and the need to invest in assets that will hold or increase in value when the stock market takes a nosedive.
What exactly caused such a drastic and sudden plummet? According to CNBC, a stronger-than-expected jobs report resulted in higher interest rates and put Wall Street in a panic. The last time the DOW shed more than 500 points in a day was June, 2016.
What Does This Mean for Precious Metals?
Gold and silver are considered safe-haven assets and the first place investors turn when the markets hit such drastic turmoil. There’s a greater level of security that comes with owning physical wealth.
That’s why the value of gold increases when stocks fall and this could be the beginning of the stock market bubble burst that’s been anticipated.
LEARN TO PROTECT YOUR PROFITS NOW!
Protect your profits and retirement by diversifying your assets with precious metals today. We haven’t seen the worst and you can expect the stock market to keep plummeting.
Get in touch with SBC Gold as soon as possible. We can help you roll a portion or all of your retirement out of the failing stock market and into a stable, gold-backed IRA. Call 888-812-9892 or or request a free 2018 profit protection guide now!