Unless you have been living under a rock, you must be aware of the assassination attempt made on our ex-president, and the candidate for the upcoming presidential elections of November, Mr. Donald Trump.

It paints quite a dismal, but accurate, picture of the state of safety and security of us Americans and our property in the current state of policy and governance. And with the elections just around the corner, the abyss is staring hard at us.

What is Bidenomics?

What’s the abyss, you ask? Well, short answer, Bidenomics is. To elaborate, simply that of the state of affairs, which is both a cause and effect of these uncertainties creating a ripple effect on every sector of the economy.

Especially, the financial sector, where investors are taking steps, that can best be described as “beyond measured”, so as not to fall prey to the future economic policies under the continued Joe Biden administration. This is dubbed Bidenomics- a portmanteau of Biden and economics.

“Bidenomics is about growing the economy from the middle out and the bottom up, not the top down. It’s an economic vision where we make smart investments in America, educate and empower American workers, and promote competition to lower costs and help small businesses.”, Biden described his economic philosophy via the social media platform X (formerly known as Twitter) in June 2023.

Positioned in opposition to trickle-down economic theory, which holds that reduced taxes for wealthy individuals and corporations will result in benefits for other participants in the economy as well, it is centered on the pillars of public investment, empowering middle-class workers, and promoting business competition.

5 Ways Bidenomics Affected Household Savings So Far:

However, in spite of the tall claims, as per a report published by Bryan Mena of CNN in April 2024, based on an analysis from the American multinational financial services company Wells Fargo, the personal saving rate of Americans fell to 3.6% in February, the lowest level in more than a year, and in recent years it has hovered below levels seen in the decade before 2022.

1. Negative Savings– According to Moody’s Analytics data, lower-income consumers have negative savings, so they are spending more on a monthly basis than they’re bringing in. That could be due to the use of credit like reliance on Buy Now Pay Later schemes and credit cards, not purchasing assets, pulling out money from other assets such as retirement accounts, and so on.
2. Spending Psyche Change– Speaking to the Bell, Shannon Seery Grein, an economist at Wells Fargo and one of the authors of the report, said that coming out of the pandemic, households had to spend at elevated rates particularly on services, so they continue to change everything to fit their spending patterns.
3. Vulnerable to Downturn– Long story short, lower income households are saving less monthly, becoming more vulnerable to a downturn because it means they are much more dependent on their income. Many Democratic reports suggest household gains by income driven by rising home values and the stock markets, without mentioning that it only positively affects households with such assets rather than those at the bottom of the income spectrum, a central feature of Bidenomics.
4. Impact on Retirement– Financial planners John F. Pace and David Blain predict a continuation of these policies could have an impact on inflation, tax-advantaged retirement accounts and Medicare- all of which could affect your retirement savings- reports GoBankingRates.
5. Household Debt Increase– Numerous studies have shown that the U.S. household wealth gain over Biden’s administration is the smallest since the rebound from the coronavirus pandemic began. The value of equities held by households fell, with household debt growing at a slowed annualized rate of 6.2% in the third quarter of 2021 when Biden first came to power.

As we navigate through these unprecedented times, it is essential to remain vigilant and analyze the potential implications for the precious metals investmentindustry, long considered to be a safe haven for long-term and risk-free investment.

How Precious Metals Investment Can Combat Dwindling Savings?

To combat the savings crisis accelerated by the Biden presidency’s economic agenda based on tackling the COVID-19 pandemic, economic recovery, eradicating racial discrimination, and dealing with climate change, investing in precious yellow and silver metals must be considered.

Precious metals are a great hedge against inflation, something that is expected to be on the rise if Biden gets reelected because of his economic policies. Here, let us explain how. A critical review of his economic policies clearly demonstrates how his policies and budget allocations almost always keep inflation consistent as a byproduct, a trend safely assumed to be carried over.

The Inflation Reduction Act enacted by Democrats in 2022 gave $271 billion in tax credits to pay for “green” energy projects that even liberals admit are a boon for the top 1 percent, reports a fact check analysis by the Federal government’s U.S. House Committee on the Budget.

These out of control “green” handouts are going to cost American communities an estimated $1.2 trillion, according to independent analysis by Goldman Sachs, nearly $1 trillion higher than original estimates.

In this environment, maintaining a solid investment portfolio by diversifying it as much as possible (for instance, to include silver IRA benefitsand gold IRAin 2024) allays financial risks and solidifies the odds of consistent and high reward low risk returns on investments especially through retirement accounts.

Coins like the American Eagle, or the Canadian Maple Leafcarry intrinsic value as collectibles or investment means and should be bought along with physical bullion bars to create and sustain physical assets, that are guaranteed savings protection against aggressive economic policies.

Want to learn more about investing in precious metals in 2024? Check out our blogs to get the current updates in the gold, silver, platinum and palladium markets.

Disclaimer:All Market Updates are provided as a third-party analysis and do not necessarily reflect the explicit views of Wall Street Metals and should not be construed as financial advice.

Investing in precious metals is a brilliant way to diversify your portfolio and ensure high long-term returns at a relatively low risk. And what better metal to begin with than silver!

Why Buy Silver Bullion Online?

There are many advantages of buying silver bullion online like silver dollar proof coins to diversify your precious metals investment portfolio.

1. Access to worldwide mints and manufacturers- When you buy silver bullion online, instead of running from storefronts to storefronts offline, you enter the world of limitless selection of a wide range of products, including various forms of bullion, coins, bars, and rare collectibles directly from mints worldwide. Besides, due to the convenience of the internet, you can find standardized and centralized knowledge bases that are reliant sources of information, as opposed to the word of mouth of a shop owner with ulterior motives.
2. Competitive and transparent pricing and offers- Following from the above point, this centralizing and transparent factor of the internet further allows you double check and verify the standard price points at which a certain coin or bar, of certain traits like weightage, purity, etc., are listed. This ensures that you do not end up paying more for the same product, or worse, for counterfeits bought from unverified sellers.
3. Secure storage and delivery of quality products- This brings us to the last and perhaps the biggest point in favor of buying silver bullion online is the verifiability of online sellers. Online research allows you to deep-dive into the websites, the customer testimonials, the products and their price points, the variety of partners and collaborators, etc. of the online seller you are buying from. Thus, you can rest assured that the storage, deliverability and quality of products that they claim to offer hold true.

So, how to buy silver bullion online? It is a simple answer involving two short and clean steps. The first one is thorough research. And the second one is to figure out the dealer you want to communicate with. More on that in the last section of this blog.

For now, we will elaborate on the first step and break it down in uncomplicated words which really demystifies the process of investing in precious metals. First, we will give a quick rundown of investing in ETFs or Exchange Traded Funds as compared to physical silver.

In the following section, we will explain the difference between uncirculated and proof coins to you, confusing terms you are bound to come across in your quest for investment information online.

So, read on.

Physical Silver vs. Silver ETFs:

When people think about investing in physical assets like gold or silver, they usually go for ETFs or Exchange Traded Funds as they are better known.

According to Wikipedia, an exchange-traded fund is a type of investment fund that is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars, dividing the ownership of itself into shares that are held by shareholders.

On the other hand, investing in precious metals like buying silver bars and coins, allows you to retain full ownership over your assets and watch their values grow over time and add to your total worth of investments.

Not only that, investing in physical silver coins works as a brilliant hedge against inflation and market forces that can be affected by aa host of factors ranging from geopolitical instability to the post-pandemic inflationary economic upheavals.

But the paramount argument in favour of investing in physical silver like buying silver bars from the US mint or buying silver coins from the US mint is that it is a store of value, just like other precious metals like gold.

A quick scan through history shows that silver has often been used in coinage and has served as money for thousands of years. As a matter of fact, the best-selling author Mike Maloney says, “…silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.”

Silver Uncirculated vs. Proof Coins:

The next step in buying silver coins online is distinguishing between investing in silver uncirculated coins and silver dollar proof coins. The US Mint recognizes a silver dollar proof coin as “a specially made coin distinguished by sharpness of detail, usually with a brilliant mirror-like surface.”

There are different steps in the manufacturing process involved by the mints which result in two different products- uncirculated and proof- like strikes, dye treatments, coining force, cleaning method, packaging, etc. These are contributing factors in determining their appearance and value.

But do not let that hold you back from investing in the coin right for you. Remember, your investment goals should direct your choice of coin. For example, invest in silver dollar proof coins if you have a long-term investment goal as these are rare coins which take time to be manufactured and are more stable than raw, uncirculated coins in terms of value growth in the numismatic market.

On the other hand, if you have a smaller principal amount available to you as sum for your investment, going for uncirculated coins would be a good bet, as you can quickly make small profits from them which you can accrue to increase your initial investment amount for a long-term investment plan.

Where to Buy Silver Bullion Online?

We at Wall Street Metals are experienced precious metals dealers who are passionate about helping you diversify your investment portfolio and more specifically your precious metals investments. We started our journey to fill in a crucial gap we observed in the market.

For years, we saw honest people like yourselves getting ripped off by insurance, trading and investment fund companies in the name of commissions, hidden charges, opaque pricing strategies and policies and what not! Your hard-earned money is not supposed to be used by corporations to increase their profits.

So, we are here to help you individually to invest and grow your money sustainably over the course of time, unlike shabby get-rich-quick schemes, so you do not lose out on mindless cents on your dollars! Our rich network, earned through trust and hard work over decades, enables us to collaborate with mints across the world.

From collector classics to your regular investment Joes, we bring you precious metal coins and bars from mints like the US, Canada, Britain, Perth, etc. so you have a wide variety of options to choose from.

Disclaimer: All Market Updates are provided as a third-party analysis and do not necessarily reflect the explicit views of Wall Street Metals and should not be construed as financial advice.