This weekend the ongoing standoff with Iran over its missile program and now disputed nuclear deal went from bad to worse with a statement given in an interview with Iranian President Hassan Rouhani. He categorically denied on Sunday that his country’s missile program was in violation of their troubled nuclear deal. Rouhani stated that the ongoing Iranian missile program does not represent a breach of their nuclear deal in any way, and it will keep moving forward regardless of American objections.
This constitutes yet another serious threat to both regional Middle Eastern and world peace and stability as Iran continues provocatively test firing its ever more powerful and longer ranged missiles. It is one of the persuasive reasons for why you need a gold IRA. Another compelling reason is that gold offers insurance and protection during market turbulence. The centuries time tested yellow metal is your only historically proven best and last line of defense against the continuing chaos erupting around the globe on an all too regular basis these days. Now is a good time for you to review the IRA rollover rules and regulations.
Where The Nuclear Agreement With Iran Went Wrong
Back in 2015, the so-called P5 + 1 powers and the EU negotiated what former U.S. President Barrack Obama called a “historic agreement” with Iran to halt its nuclear program and ambitions for a decade. These negotiating powers included the United States, Great Britain, France, China, Russia, and Germany (along with a representative from the European Union). President Trump called a spade a spade when he declared on October 13th that:
“This was one of the worst and most one-sided transactions the United States has ever entered into,” even as he blamed Iran for engaging in “multiple violations of the agreement.”
President Trump refusing in characteristic style to take sitting down what he feels is a terrible nuclear deal decided earlier in October to not engage in routine certifications that lifting the sanctions has been in the interests of the United States. This has to do with the JCPoA— the Joint Comprehensive Plan of Action.
Iran’s Infuriated Response to President Trump
President Rouhani came out aggressively against President Trump’s non negotiable position and actions Sunday in a speech where he warned:
“If a government like the US government states that it is not committed to an important international commitment, and its reason is that the previous administration has been tricked, then what happens with the continuity of the responsibility of the governments? You are explicitly violating your previous agreements and neglecting a UN Security Council-approved agreement.”
The Iranian president rallied on about the rights of the Persian nation to defend itself from its many perceived enemies, with:
“We will build, produce, and store any weapon of any kind we need to defend ourselves, our territorial integrity, and our nation, and we will not hesitate about it. Understand that we have been building missiles, and will continue to do so and this does not contradict any of international laws and it is not in conflict with Resolution 2231. We will continue to defend our national interests and security with all our might, and the enemies should know that violation of any agreement will be detrimental to them, and the Islamic Republic of Iran will give them a decisive answer.”
These were ominous words of warning that you should not ignore or simply brush off as the ravings of a power-hungry mad man. You must not let your investment and retirement portfolios be held hostage by him and the Iranian’s threatening position.
Iran’s Missile Program Threat Negatively Compared to North Korea
President Trump was not missing any opportunities to compare the dire Asian regional and world threat posed by North Korea today to the one that Iran represents in its own Middle Eastern region for the imminent future, with:
“As we have seen in North Korea, the longer we ignore a threat, the worse that threat becomes.”
President Trump referred to the fact that the Iranian agreement does not consider the serious existential threat posed by the Iranian nuclear missile program to many immediate U.S. allies like Israel, Jordan, Saudi Arabia, Kuwait, the United Arab Emirates, Iraq, and Bahrain. This is probably the single greatest reason that the American President is so unsatisfied with the deal. As he has pointed out in a late September tweet:
“Iran just test-fired a Ballistic Missile capable of reaching Israel. They are also working with North Korea. Not much of an agreement we have!”
This is why President Trump declared in the October 13th speech that:
“We cannot and will not make this certification. We will not continue down a path whose predictable conclusion is more violence, more terror, and the very real threat of Iran’s nuclear breakout.”
It is of course a nagging fear that such a nuclear breakout will suddenly occur that has President Trump and his like-minded regional allies on edge. The only thing stopping Iran from finally covering the entire Middle East under a revived Persian Empire is their lack of a powerful nuclear weapons arsenal to provide them with ultimate victory, which would finally cow their neighbors into submission and and make the feared Iranian Revolutionary Guards Corps unstoppable at last.
For now, the decision by the American President to decertify the JCOoA deal has not actually cancelled it. Instead, it has only allowed President Trump to throw the Iranian hot potato back out to Congress, who now have 60 days to elect reimposing sanctions on Iran. Such a decision would mean that the U.S. was itself in violation of the Iranian nuclear deal in a twist of irony.
Meanwhile the IAEA International Atomic Energy Agency, America’s European allies, and the previous U.S. government have all (somewhat grudgingly) admitted that Iran is officially complying with their nuclear pact responsibilities and terms. Today’s Britain, France, Germany, and the European Union have therefore all declared that they stand by the nuclear deal. Because of this mutual position, they are encouraging Congress:
“To consider the implications to the security of the US and its allies before taking any steps that might undermine the JCPoA.”
If that statement came from any other quarter besides America’s best friends in the world, it would be considered a not so veiled threat towards the super power. As it is, the U.S. administration was highly annoyed by it.
Iran’s Missile Ambitions Remind You That Your IRA Desperately Needs Gold As A Hedge
This latest conflict between Iran and the United States should be a serious wake up call to you regarding protecting your investment and retirement portfolios. You already intuitively know what gold belongs in your IRA. Now you should also start thinking about what percentage of your portfolio you need to sink into the world’s longest lasting portfolio safeguard hedge of gold.
For over 5,000 years of human history, the yellow metal has quietly but consistently proven its real worth time and again to people, kingdoms, and empires in times of periodic global instability and financial crisis. What Germany and Kyrgyzstan know can protect your retirement portfolio. Gold provides safe haven in times of geopolitical problems. It is all part of the many reasons for why you should own gold in times of financial crisis.