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This "Fed Effect" Has Been Minting Profits for 30 Years

U.S. Federal Reserve policymakers boosted its benchmark interest rate by a quarter point on Wednesday - just the second rate hike since the 2008 financial crisis, but a move that was almost universally expected.

In the days and weeks to come - with more rate hikes in the offing, and especially with a new presidential administration slated to assume the reins on Jan. 20 - you'll be getting lots of recommendations on the investments to make, those to avoid and the strategies to employ to maximize profits.

But there's one recommendation you can act on right now.

Buy gold.

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