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Market Insider: June 27, 2023

Some Americans prefer to wait until after elections before making decisions regarding their portfolios. But no matter who resides in the White House or holds a majority in Congress, some macroeconomic conditions, such as the growing national debt, continue to affect the economy.

“Federal debt held by the public is projected to rise from 98 percent of GDP in 2023 to 118 percent in 2033—an average increase of 2 percentage points per year.”
—Congressional Budget Office

Does a “wait and see” approach to elections really benefit portfolios, or is it a form of “analysis paralysis” that ignores existing trends and factors that could be chipping away at Americans’ savings?

Click on the video link below for exclusive insights on this topic from Philip N. Diehl, 35th Director of the United States Mint and President of U.S. Money Reserve.

Related headlines from around the web:

  • MarketWatch: “U.S. budget deficit surges in May and tops $1 trillion again in current fiscal year”
  • The New York Times: “U.S. on Track to Add $19 Trillion in New Debt Over 10 Years”
  • MoneyWeek: “Gold and the U.S. election: Does it matter who’s President?”

Don’t wait for rising government spending to further affect your hard-earned savings—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.

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