Despite recent economic positivity, recession risks are still present. Institutions and market analysts see reason to believe that a major market pullback or a recession may be on its way.
“Remember that even as soft landing talk has gathered pace, this is not unusual before recessions. Despite all the signs pointing to a soft landing, history provides reasons for considerable caution.”—Jim Reid, Deutsche Bank head of global economics
Why are some analysts seeing a recession in the cards for 2024, and how can Americans prepare their portfolios for a recession?
Click on the video link below for exclusive executive insights on this topic from U.S. Money Reserve’s Coy Wells.
Related headlines from around the web:
- Fox Business: “Billionaire investor warns over impending financial crisis: ‘Nobody’ knows when it will hit”
- CNBC: “Deutsche Bank economist insists recession risks are still high”
- Reuters: “Gold rises as safe-haven demand, rate cut bets keep prices elevated”
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.