Terry Sacka's recent appearance and commentary on The Wealth Transfer Show which airs on The Christian Television Network garnered the attention of many in the Baby Boomer generation viewing the show. He discussed the implications of the fiscal cliff, the 2013 debt ceiling and how their future will be dramatically impacted by these economic matters.
PRLog - Jul 31, 2013 - JUPITER, Fla. -- One of the most heavily discussed topics in the financial sector is the debt ceiling increase in 2013 and how this will affect the economy in the U.S. Although it has been declared that there is due cause for the increase to protect the future of the country's economy there are those experts who would disagree citing their own insightful perspectives.
Terry Sacka is a regular speaker and financial expert who appeared on The Wealth Transfer show recently to discuss the Eurocrisis, the fiscal cliff and the U.S. Treasury Secretary's move to increase the debt ceiling. Such a move essentially raises the country's national debt $2.5 trillion, which according to Mr. Sacka, will greatly impact the 'Baby Boomers'.
The Baby Boomers have been a hot topic as of recent as they were believed to be cause of the rapid economic expansion that boosted the economy but also the recessionary factors that may be causing its economic downturn.
Terry began with an opening statement as he explained, "We've got tremendous things facing us right this very moment with tax increases that are going to affect pretty much everyone. We have to evaluate our portfolios even if Congress acts like they're going to figure it out, they're not going to the level we need them to- you still need to make adjustments."
He continued his explanation with his bottom line analysis that, "So it's vital. Baby Boomers are still coming in - 10,000 every day turn to Social Security as they are retiring."
Watch video of the episode:
http://www.youtube.com/watch?v=UG9hzXooL14
Terry used a real world example to outline how far the economic deterioration has come. The value of fifty dollars in US dollars has decreased as inflation has increased since the sixties. Fifty dollars in gold has increased drastically ahead of inflation. By investing a portion of individual's personal savings in precious metals, they effectively secure their future by using gold and silver as a hedge against inflation.
He pointed out how in the UK, social security pension contributions are being underwritten for Baby Boomers over there. This means it is certainly possible for the same to occur here in the U.S. Precious metals are assets that simply cannot be underwritten.
About Terry Sacka
Terry is a financial analyst and accredited asset management specialist at Cornerstone Asset Metals, a private bullion dealer. The company enables investors, both large and small, to use metals such as gold, silver, platinum and palladium as an effective hedge for their financial portfolio against inflation. Cornerstone Asset Metals pride themselves on putting the people back in charge of their wealth.
Watch more episodes of The Wealth Transfer Show
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Terry Sacka Raises Eyebrows of Baby Boomers with recent appearance on the Wealth Transfer Show
July 31, 2013 at 20:22 PM EDT
