Both the Congressional Budget Office (CBO) and the Committee for a Responsible Budget (CFRB) have warned that the massive growth of government debt could have dire consequences for the economy.
“We are headed toward record spending levels, record deficit levels, record debt levels, record interest payments—the list goes and on.”
—Maya MacGuineas, president of the Committee for a Responsible Federal Budget
How can consumers shield themselves from these potential consequences?
Click on the video link below for exclusive executive insights on this topic from Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve.
Related headlines from around the web:
- Business Insider: “Runaway government debt could sink markets and slam the economy, 2 watchdogs warn”
- Fox Business: “A million simulations show U.S. debt is on an ‘unsustainable’ path”
- Reuters: “Gold powers to new high above $2,300/oz. on rate cut optimism”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
