The global economy is showing signs of slowing, according to the Organization for Economic Co-operation and Development (OECD). European nations, as well as China, may be entering recessionary periods.
“In summary, the global economy is grappling with inflation, slowing growth, and mounting fiscal pressures”—OECD Chief Economist Clare Lombardell
What are the causes of current global economic instability, and how might they affect U.S. consumer portfolios?
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:
- Bloomberg: “OECD Warns Global Economy Risks Losing Momentum”
- Reuters: “Euro Zone likely in recession, PMI surveys show”
- The Wall Street Journal: “Why Gold Prices Are Hitting Records”
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.