Precious Metals News Blog Keep Updated
Whoever wins the White House in November, all but guarantees continued sizable deficits and a growing federal debt load!
From January through mid-August, retailers had announced they would close a total of more than 10,000 stores in the U.S.
The firm said that because of a "far-from-certain" election outcome, clients should buy gold, a traditional safe haven asset which tends to perform well during times of economic uncertainty.!
CNBC: Economist Stephen Roach Issues New Dollar Crash Warning, Sees Double-dip Recession Odds Above 50%
Economist warns next year will be brutal for the dollar. "The dollar is not immune to that time honored adjustment!"
Heightened macroeconomic uncertainty is "likely to push investors back into alternative cash preservation assets!"
McLennan prefers gold over other favored fixed-income hedge vehicles, given there's a limited supply of the shiny metal!
Market Watch: U.S. Debt Jumps by Record Amount in Second Quarter Led by Federal Government, Fed Data Shows
Government debt up record 58.9% in second quarter!
Gold has done its best during periods of recession and slowdown - outperforming equities, Treasury bonds, and the US dollar!
"Worry as much about the value of your money as you worry about the value of your investments. The printing of money and the debt should make you aware of that!"
Bloomberg News: Ray Dalio Issues Stark Warning about U.S. Dollar's Future as Global Reserve Currency
"There is so much debt production and debt monetization!"