Since 2006, the idea of operating a locally based precious metals dealer in the Lakes Region had been an ongoing theme for owner Michael Kennedy. Just prior to the Federal Reserve fueled mortgage bubble, the collapse of Lehman Brothers and the ensuing Great Recession began, Michael had alerted friends, family and clients of an impending crisis. As a former FINRA Series 65 Investment Advisor Repres
entative, Michael well understood the significant, disruptive and lasting consequences these events would unleash on the structure and balance of trade in international financial markets and the lives of home owners and individual investors. In spite of several rounds of unprecedented Federal Reserve Bank “stimulus” intervention via Quantitative easing (QE), Operation Twist and 7 years of what was essentially a Zero Interest Rate Policy (ZIRP), we are still languishing in a disrupted economic state. Think of it as a financial hurricane. From 2009-2015 we have enjoyed the calm air of the eye of the storm. The future may present a different set of winds. There is no fear mongering in this statement. The legacy of these interventions has driven stocks to all- time highs, re-inflated some regional real estate markets, created new bubbles in the sub-prime auto market, added on to a 1.2 trillion dollar student loan debt bubble and propelled the prices of certain foods we eat to all-time highs, namely beef. Hopefully you are asking the following question: So what does all of this have to do with the price of gold and my financial future? When such extraordinary measures are taken, and especially when it concerns monetary policy and how your Federal Reserve system creates and supplies money and manages interest rates, it would be prudent to prepare for extraordinary outcomes. With that said, will we experience an extended deflationary period or possibly a short but sharp inflationary spike as a result of these interventions? The future is unknown and that is precisely why it is prudent to allocate a portion of your savings or investment portfolio into physical gold and silver. It is a fact that gold has performed well in both deflationary and inflationary economic conditions, additionally gold’s roughly 6,000 years of history is hard to argue with. Lakes Region Precious Metals was created with this in mind and we welcome your business. Whether it be minted coins or generic bullion, LRPM can facilitate purchase and sales of all precious metals.
