The Great U.S. Retirement Asset Bubble vs Physical Gold Investment

Jon Controlled Media, Gold, Market Commentary, Precious Metals

Americans are more deluded than ever as the total value of the U. S. Retirement Market hits a new record. According to the data released by the ICI – Investment Company Institute, total U. S. Retirement Assets in first quarter of 2014 are valued at a stunning $23 trillion, up from $22.7 trillion in Q4 2013.
Not only are U. S. Retirement Assets reaching new record highs, so is the sentiment by its member participants. This report put out by the ICI, ‘Our Strong Retirement System – An American Success Story’ stated:
Americans Report High Levels of Confidence in the 401(k) System
Americans have a very favorable view of the employer-sponsored 401(k) and other DC plans. Such confidence is a powerful indicator of the value American workers and retirees place on the 401(k) system.
In a survey of 4,000 households conducted for ICI in the winter of 2012/2013, 63% of respondents said that they have a ‘very’ or ‘somewhat’ favorable impression of 401(k) and similar retirement accounts (see figure below).38 That support rose to 76% among households that held a DC plan account or an IRA.39 Americans have expressed similarly positive views in surveys conducted since late 2008, despite the stock market decline from late 2007 to early 2009.
It’s nice to know that Americans have a HIGH LEVEL of confidence in their 401K plans. Thus, it makes perfect sense that they continue to invest their hard-earned fiat money into a system that promises them GOLDEN RETURNS. Unfortunately, Americans have no idea whatsoever that they are throwing good fiat money (if there is such a thing) into one of the GREATEST PONZI SCHEMES in history.
I assumed that it was mostly the middle-aged and older Americans that continued to invest in the retirement system. Why wouldn’t they? They see retirement not too far around the corner so it only makes sense to continue contributing.
However, Main Stream Media has also bamboozled the younger folks, as they too have taken the Paper Retirement Asset System….. HOOK, LINE and SINKER. Here is another wonderful piece of propaganda from the same report linked above:

This post was published at SRSrocco Report on Sept 2, 2014.