What a difference a trading day makes.
On Friday, Wall Street went to bed confident that the United States had a commanding lead in artificial intelligence. After all, Nvidia makes the world-leading chips on which to create cutting-edge AI, while the U.S. government has forbidden the export of such chips to America’s near-peer competitor, China.
On Monday, U.S. equity markets plunged $1 trillion in valuation after it became widely known that DeepSeek, a small Chinese startup, ran rings around the AI invented by blue-chip American tech companies and their $1 trillion investment in this technology. This bolt from the blue was not an extinction-level asteroid, but for Nvidia, Google, Microsoft, and other U.S. giants it did cast shadows that looked suspiciously large, fat, and a bit saurian.
Later in the day, markets calmed a bit with the assurance that China will soon run out of Nvidia chips and that the purported $6 million investment by DeepSeek in its technology could mask deeper investments by Beijing. (Perhaps the phrase “Chinese accounting” deserves to become the next infamous euphemism.) But the magnitude of this event should not be denied. A country capable of producing DeepSeek is probably capable of mounting a challenge to overcome other obstacles in front of it, perhaps matching the best chips Americans can make, or more likely securing reliable backdoor access to them in global markets. This is especially true given the likelihood that China’s leader Xi Jinping is driving this project as part of his campaign to best the United States.
This competitive threat from China is not likely to be underestimated in Palo Alto and Seattle. But a hubristic threat remains in Capitol Hill and the Federal Trade Commission in Washington, D.C., as well as among regulators in Brussels and London. While American companies adjust to an unexpected competitive threat from a hostile nation, many continue to treat American Big Tech as an indestructible feature of the global market. […]
— Read More: amgreatness.com
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
