1-866-646-8465
CHARTS
0

Your Cart:

Subtotal: $0.00
Coy Wells

Market Insider: November 7, 2023

U.S. Money Reserve Logo - Transparent Gold

U.S. Money Reserve

Nov 7, 2023

Gold prices have rallied as much as 10% throughout October, according to Financial Times, repeatedly reaching over $2000/oz. in late October and early November. JPMorgan’s top strategist recommends that consumers cut equities and instead allocate a portion of their portfolios to gold.

“Our [economic] outlook is likely to remain cautious as long as interest rates remain deeply restrictive, valuations expensive, and the overhang of geopolitical risks persists.”

—JPMorgan chief market strategist Marko Kolanovic

How might consumers benefit from paying attention to this upward trend in gold prices?

Watch the video below for exclusive insights on this topic from U.S. Money Reserve’s Coy Wells.

Related headlines from around the web:

  • CNBC: “JPMorgan’s top strategist says buy more gold, stay underweight stocks because of high rates, geopolitics”
  • Bloomberg: “Central Bank Gold Binge Is Even Bigger Than Previously Thought”
  • MarketWatch: “Gold prices settle above $2,000, at highest since end of July”

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.

Subscribe

Sign up now for latest executive insights and latest news delivered right to your inbox.

  • This field is for validation purposes and should be left unchanged.

Related Articles

Market Insider: September 24, 2024

Market Insider: September 24, 2024

The nonpartisan Committee for a Responsible Federal Budget (CRFB) recently found that Social Security beneficiaries are on track to face a 21% cut in benefits when the program’s trust fund is depleted in 2033. “Both major party candidates for the presidency having no...

read more
Market Insider: September 24, 2024

Market Insider: September 17, 2024

Decreasing numbers of job openings and new hires may point to a crumbling labor market. The trend has alarmed some analysts, who say it could lead to significant problems for the U.S. economy.  “The takeaway from the range of labor market data is clear—the job market...

read more
Market Insider: September 10, 2024

Market Insider: September 10, 2024

Top Federal Reserve officials have indicated that the central bank will begin lowering rates at the end of its September 18, 2024, meeting. However, several economists and analysts believe this action will be too late to prevent a recession. “The Federal Reserve is...

read more