Gold IRA Contribution: Why Now is the Perfect Time | The Gold Spot
With a new year underway and the tax deadline quickly approaching, investors are looking to complete their IRA contributions for the year.
However, many people don’t realize that you can contribute for both the 2022 and 2023 tax years with a single investment.
There’s a tight span of time between early January and mid-April when the timelines for making contributions overlap, allowing investors to double their investments while reducing the amount of work involved.
It’s a great time to secure relatively low gold prices as experts predict record highs in 2023 and beyond. Lower average prices mean better returns for your precious metals IRA.
This anticipated surge in value is being driven by a massive demand for gold which has tightened supplies, making it crucial to invest quickly before the situation worsens.
On top of that, sustained inflation is reducing your buying power day by day. The quicker you can make IRA contributions, the more value you get for your dollar.
Watch the video to hear Scottsdale Bullion & Coin Sr. Advisor Steve Rand & IRA Liaison Michelle Ellis discuss how you can make your 2022 and 2023 contributions and three reasons why now is a fantastic time to do it.
🔗 RELATED LINKS:
🪺 Precious Metals IRA Guide: https://www.sbcgold.com/precious-metals-ira/
🪺 How a Precious Metals IRA Works: https://www.sbcgold.com/precious-metals-ira/how-a-precious-metal-ira-works/
🪺 How to Make an Annual Contribution to Your Precious Metals IRA - 3 Easy Steps: https://www.sbcgold.com/precious-metals-ira/gold-ira-contribution/
▶️ Is Gold a Good Investment in 2023?: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/
📈 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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Tides Changing for Gold & Silver | The Gold Spot
Investors suffered an onslaught of economic challenges throughout 2022 from soaring inflation and a devaluing dollar to geopolitical tensions and beyond. As the economy falters, gold and silver prices are looking stronger.
Stocks, real estate, bonds, and other mainstream assets have topped off and retreated. On the other hand, gold prices have been standing firm above $1,900/oz so far into 2023, and silver prices are looking just as healthy.
Experts suggest gold will become a mainstay for investors over the next few years as we trudge through the economic doldrums for the foreseeable future. This is clearly understood by institutional investors as gold seems sustained demand.
Central banks around the world have been stockpiling gold in anticipation of prolonged economic turmoil with China leading the charge. The CCP has already accumulated over 20,000 tons of gold, and the buying is still going strong.
This increased demand is straining already depleted supplies of gold at the New York and London exchanges. Suppliers are desperately trying to keep up with the relentless waves of purchase requests.
Watch the video to hear what Scottsdale Bullion & Coin Precious Metals Advisors Tim Murphy and Joe Elkjer are saying about the strength of gold and silver prices, what 2023 has in store for precious metals, and how investors can put themselves in the best position to succeed.
🔗 RELATED LINKS:
🔮 Gold Price Forecasts 2023: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2023/
🔮 Silver Price Forecasts 2023: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2023/
▶️ Is Gold a Good Investment in 2023?: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/
▶️ Why 2023 Should Be a BIG YEAR for Gold and Silver: https://www.sbcgold.com/blog/why-2023-should-be-a-big-year-for-gold-and-silver/
🔖 China Moves Closer to Petroyuan Dominance : https://www.sbcgold.com/blog/petrodollar-dethroned-china-moves-closer-to-petroyuan-dominance/
📈 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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Dollar Dump Accelerates | Gold Buying Hits 55-Year High | The Gold Spot
People are growing increasingly skeptical of what their governments say as their actions always seem to contradict their official position. That’s why it’s important to watch what the powers that be are doing, rather than what they’re saying.
A recent report from the World Gold Council revealed that central banks across the world are scooping up #gold #bullion in record amounts. Unsurprisingly, #China and #Russia were among the largest accumulators of this #preciousmetal.
Countries are swarming to hard assets to #hedgeagainstinflation, economic downturns, geopolitical crises, and other threats to their local economies. Some might even be considering a return to the #goldstandard.
As #goldprices continue moving upward, the dollar is starting to falter. After a considerable rally over the past few years, technical signs show some serious weakness in the #greenback which threatens all dollar-linked assets.
Leaders around the world are taking notice of the dollar’s instability and the West’s loosening control of the global economy. This major shift is steering economies towards gold as a strong foundation and away from the #dollar which has untold consequences for Americans.
Watch the video to hear what Scottsdale Bullion & Coin Precious Metals Advisors Damian White and Todd Graf are saying about this change and how investors can protect their wealth moving into what looks like a turbulent 2023.
🔗 RELATED LINKS:
🔮 Gold Price Forecasts 2023: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2023/
▶️ Is Gold a Good Investment in 2023?: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/
▶️ Why 2023 Should Be a BIG YEAR for Gold and Silver: https://www.sbcgold.com/blog/why-2023-should-be-a-big-year-for-gold-and-silver/
▶️ Gold Price Outlook 2023: https://www.sbcgold.com/blog/2023-gold-price-outlook-2-factors-boost-gold-prices/
🔖 China Moves Closer to Petroyuan Dominance : https://www.sbcgold.com/blog/petrodollar-dethroned-china-moves-closer-to-petroyuan-dominance/
📈 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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The Gold Spot | Why 2023 Could Be a BIG YEAR for Gold & Silver
The ushering in of a new year is an opportunity to look back on what happened and where things are headed. Many of the predictions we made at Scottsdale Bullion & Coin came to fruition and continue to threaten investors in 2023.
The Fed’s insistence that inflation was transitory early on in the year fell on deaf ears as investors continued to steer clear of fiat-backed assets in favor of inflation hedge staples like precious metals which saw record demand.
Our concerns of a growing threat from China were vindicated as Xi Jinping made some major geopolitical moves in an effort to dethrone the US as the sole superpower. The CCP continued making strategic investments in other countries and made significant strides in establishing the Petroyuan.
As conventional markets stumble, collectibles are seeing skyrocketing demand across the board. Cars, art, baseball cards, and rare coins have all experienced a surge of investors seeking out greater protection from economic pressures.
Experts point to numerous economic, geopolitical, and social factors that could fuel a massive jump in the value of gold and silver. 2023 is shaping up to be a big year for precious metals, and it’s crucial that investors put themselves in the best position to take advantage of it.
Watch the video to hear what Scottsdale Bullion & Coin Founder Eric Sepanek and Advisor John Karow are saying about 2022, what next year may bring, and why 2023 could be a big year for gold and silver.
📚 RELATED LINKS:
1) China Moves Closer to Petroyuan Dominance : https://www.sbcgold.com/blog/petrodollar-dethroned-china-moves-closer-to-petroyuan-dominance/
2) Is Gold a Good Investment in 2023?: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/
3) Gold Price Outlook 2023: https://youtu.be/eqVPE9lgnIc
4) 2022 Craziness Ends & 2023 Uncertainty Takes Over: https://youtu.be/YfQn_ssHJDw
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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Dollar Dethroned? China Moves Closer to Petroyuan Dominance | The Gold Spot
GET THE FREE REPORT AT: https://www.sbcgold.com/petrodollar-report/
Last weekend, Chinese leader Xi Jinping met with Saudi Prince Mohammed bin Salman to sign a series of historical agreements that pressure US dominance on the world stage.
Ever since the gold standard was scrapped, the greenback has maintained reserve currency status because the US convinced Saudi Arabia to trade petrol exclusively in USD.
This agreement has propped up the dollar as the world’s dominant currency, but US-Saudi relations have since deteriorated and China has taken notice.
The most recent agreements between China and Saudi Arabia stopped shy of snubbing the dollar in favor of the yuan for global oil trade, although Salman promised to consider the possibility.
The imminent petroyuan would destroy a major pillar of US hegemony and threaten the dominant position the petrodollar has held for decades.
Biden’s reckless spending campaign and scapegoating of fossil fuels put the US and the dollar in an even more vulnerable position.
Watch this week’s Gold Spot to hear Scottsdale Bullion & Coin founder Eric Sepanek & Precious Metals Advisor John Karow discuss the ramifications of a dethroned dollar and how investors can protect their wealth with gold and silver.
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What’s Holding Gold & Silver Spot Prices Down & Why Big Moves Are Ahead | The Gold Spot™
The mid terms have come and gone without much change to current leadership despite widespread expectations of an animated referendum on the #Biden administration. Gold and silver markets jumped slightly just beforehand but the boost was short-lived.
Investors are increasingly confused and agitated by underperforming #spotprices when compared to the overwhelming demand for physical products like 1 oz American Silver Eagle Coins, gold bullion bars and silver bullion bars. As we’ve mentioned before, this contradictory performance is due to widespread #pricemanipulation in the paper market by bullion banks.
Wise investors aren’t getting worked up by the temporary dip in #gold and #silver prices, because they’re playing the long game. They understand the inherent value and inflation-hedge qualities of gold and silver. The most valuable gains are made over time.
Imagine the real estate market exhibited this kind of discrepancy. If there was a whirlwind of buyers that strained the market supply yet the housing market’s overall performance remained flat, you’d see the red flags from a mile away. This is exactly what’s happening in the metals market just without the oversight.
It’s only a matter of time before spot gold and silver prices skyrocket, rectifying the difference between paper prices and physical supply and demand. Watch the video to hear what Scottsdale Bullion & Coin Sr. Advisor Steve Rand & Advisor Tim Murphy are saying about the future price action of #goldandsilver and how investors can best prepare for the upward movement.
📚 REALTED READING:
1) Why Silver Eagles Are So Expensive Right Now & Better Buys:
https://www.sbcgold.com/blog/why-silver-eagles-are-so-expensive-right-now-better-buys/
2) Premiums on Precious Metals Explained
https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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FTX Collapse Explained | The Gold Spot
The economic news has been overtaken by the tragic downfall of the FTX crypto exchange and the tens of billions of dollars that followed the once-revered crypto giant down the drain. The repercussions are being felt throughout all financial markets.
FTX soared onto the crypto scene as one of the highest-valued exchanges despite being just a few years old. The platform’s equally novice founder, Sam Bankman-Fried was heralded as the crypto world’s wunderkind boasting a net worth in the tens of billions at only 29.
While investors mistakenly assumed their assets were safe in the exchange, FTX founders were spending their users’ funds on luxury real estate, democrat party donations, and other personal escapades.
Within just 36 hours, FTX suffered the largest bankruptcy in history deflating from a net worth of $32 billion to zero. This catastrophic crash left investors scrambling to salvage what little of their initial investments were still left.
This fiasco highlights the importance of knowing where you invest your money, where the assets are behind held, and who controls the assets. Investors looking for the greatest control possible over their assets are flocking to physical gold and silver.
Physical gold and silver are reliable stores of value and have a proven track record against inflation. These assets don’t expose investors to any counter party risk as there’s no third party involved. You physically own the assets in forms of coins and bullion bars.
Watch the video to hear what Scottsdale Bullion & Coin Advisors Damian White & Todd Graf have to say about the FTX collapse, why investors are diversifying, and how precious metals provide an answer.
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The Gold Spot | Gold & Silver Spot Prices Could Skyrocket If the Fed Does THIS
Investors are feeling confused, uncertain, and frustrated as gold prices and silver prices remain stagnant despite a worsening economy. In reality, this is a critical time to invest in precious metals and one of the last opportunities investors might have before big moves.
There’s always a battle between human nature and prudent investment decisions. It’s natural for investors to back off as spot prices stumble slightly. However, it’s actually a perfect opportunity to dollar cost average to a lower overall price.
Retail investors only have to look at what the big players are doing for investment pointers. Governments, central banks, and other institutional investors are doubling down on their investment in precious metals by increasing their holdings.
Spot prices only tell half the story as physical #gold and #silver are actually seeing a shortage of supplies. Precious metals exchanges and wholesalers struggle to keep up with increasing demand as investors from around the world seek a hedge against #inflation.
Market conditions indicate that it's only a matter of time before spot gold and silver prices see significant gains. Watch the video to hear Scottsdale Bullion & Coin Precious Metals Advisors Joe Elkjer & Tim Murphy explain these factors, why investors should increase their precious metals holdings now, and what the #Fed might do that would cause prices to take off "like a rocket.”
📚 REALTED READING:
1) Surging Demand & Dwindling Supplies Position Gold & Silver Prices for Big Jumps
https://www.sbcgold.com/blog/surging-demand-dwindling-supplies-position-gold-silver-prices-for-big-jumps/
2) Premiums on Precious Metals Explained:
https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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Surging Demand & Dwindling Supplies Position Gold & Silver Prices for Big Jumps | The Gold Spot
The gold and silver markets are seeing unprecedented inflows of investment and exchanging lows as investors hedge against inflation, a free-spending government, and disastrous economic policies.
The #Biden administration’s promise to forgive student debt is estimated to set back the US by more than $400 billion. The only historical comparison was the economic bailout in 2008 which was barely passed at the last minute, showing just how frivolously the government treats taxpayer dollars now.
The #FederalReserve takes this contemptible position a step further by baselessly declaring that spending hundreds of billions of dollars won’t have a negative effect on #inflation. Clearly, the Fed takes no issues with lying right to the faces of the American people who will feel the brunt of this excessive spending down the line.
In the midst of this economic bedlam, gold and silver remain strong even as other markets falter disastrously. Retail investors from around the world are rushing into #gold and #silver to hedge against the inevitability of worsening inflation. These conditions have led experts to predict a significant rise in the value of gold and silver prices in the near future.
Watch the video to hear Precious Metals Advisor John Karow & Founder Eric Sepanek speak on the ramifications of Biden’s over-the-top spending, the rush towards precious metals, and where gold and silver prices could go soon.
📚 REALTED READING:
1) Surging Demand & Dwindling Supplies Position Gold & Silver Prices for Big Jumps
https://www.sbcgold.com/blog/surging-demand-dwindling-supplies-position-gold-silver-prices-for-big-jumps/
2) Premiums on Precious Metals Explained:
https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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The Gold Spot | Why "The Worst is Yet to Come"
The Federal Reserve’s allegiance to rate hikes is causing severe damage to a rapidly deteriorating economy. Our financial elites have unilaterally decided that the financial security of the American people is a justifiable casualty in their war against inflation.
Housing rates are already hitting 2006-levels, putting more pressure on a shaky housing market. On top of that, the Bank of England is ringing warning bells about its unstable bond market which is putting the country’s entire financial stability at risk.
As the world’s leading economy, this unflinching strategy has ramifications around the globe. In fact, the International Monetary Fund #IMF just warned that the “worst is yet to come” and pointed its finger at these aggressive policies against inflation.
The Fed even tipped its hand when admitting that economic “pain” would be inevitable. All the economic tightening is suggesting the potential of an unavoidable recession that the financial elites seem to be eagerly bringing on.
Investors around the globe are taking shelter in gold, silver, and other precious metals to hedge against inflation and protect their wealth. The temporary strength of the dollar in tandem with relatively affordable gold and silver prices in the US makes for a golden buying opportunity.
Watch the video to hear what Scottsdale Bullion & Coin Precious Metals Advisors Joe Elkjer and Damian White are saying about the situation and why gold and silver are seeing sky-high demand.
📚 REALTED READING:
1) Gold and Silver Shortage Update: Demand for Physical Gold & Silver is ‘Off the Charts’:
https://www.sbcgold.com/blog/gold-and-silver-shortage-update-demand-for-physical-gold-silver-is-off-the-charts/
2) 2008 vs 2022: Market Similarities, Differences, & Gold’s Reaction:
https://www.sbcgold.com/blog/2008-vs-2022-market-similarities-differences-gold-price/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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The Gold Spot | Gold & Silver Shortage (Update): Demand for Physical Gold & Silver “Off the Charts”
The demand for physical #gold and #silver is “off the charts”. Corporate investors, small businesses, retail investors, and even central banks are all desperately increasing their supplies of physical gold and silver to protect against the deteriorating economic situation.
This surge in demand for gold and silver bullion bars and coins is driven by a number of concerns investors have about the economy. Costs are soaring at the same time that buying power is getting squeezed.
The threat of a centralized, digital currency (digital dollar) is also stoking fears of government overreach. With physical gold and silver, investors can hedge against #inflation while gaining full control over their hard-earned money.
Although the demand for physical #goldandsilver is skyrocketing, spot gold prices and silver prices haven’t jumped higher as many investors had anticipated. In reality, the spot prices doesn’t tell the whole story of the precious metals market since it’s determined by paper gold and silver and futures trading.
The factors influencing gold and silver spot prices are essentially infinite while the physical precious metals market is dealing with a limited amount of product. The combination of restricted supplies and escalating demand is pinching the precious metals market leading to shipping delays and shortages.
These market wide issues are anticipated to worsen in tandem with the deteriorating economic situation as investors across the board seek out safe havens. Watch the video to find out what Scottsdale Bullion & Coin Precious Metals Advisor Todd Graf & Sr. Advisor Steve Rand are saying about the physical gold and silver shortages and why investors should consider buying now.
📚 REALTED READING:
1) Physical Gold & Silver Are Going, Going…
https://www.sbcgold.com/blog/physical-gold-silver-are-going-going/
2) Premiums on Precious Metals Explained:
https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
The Gold Spot | Gold & Silver Shortages: Physical Gold & Silver are Going, Going…
On the face of it, nothing revelatory came from the Federal Reserve’s most recent meeting. Everyone anticipated a 75-basis-point #ratehike which is exactly what the #CentralBank did. However, there’s clearly something bigger going on if you dig a little deeper.
Last week, #JeromePowell made it clear that he’s following in the footsteps of famous successor #PaulVolcker who is notorious for hiking interest rates into record territory to fight back against the raging #inflation of the 1970s.
What our financial czars seem to miss is that current economic circumstances don’t mirror those of #TheGreatInflation. That means Powell’s risky strategy could have unintended consequences on the economy despite attempting to save it.
More specifically, the Fed has aided and abetted the Biden administration’s unscrupulous spending by keeping the money printer churning out billions and billions of dollars whenever a new problem needs addressing.
It seems the government’s attempting to confuse the public by making billions seem like nothing in the face of a multi-trillion-dollar deficit. This ruse has succeeded in making some people more accepting of massive spending packages, but not everyone is fooled.
The Fed’s 180-degree turn on a number of issues is causing many to wonder if these meetings are a way to discuss legitimate economic agendas or to spread propaganda. Regardless, the Fed has the economy on a crash course, and it’s not looking back.
#Inflation is raging, the economy is slowing, and #unemployment is expected to increase which is the perfect recipe for #stagflation. Read on to find out what Scottsdale Bullion & Coin Precious Metals Advisor John Karow & Founder Eric Sepanek are saying about these issues and how #gold and #silver are responding.
📚 REALTED READING:
1) Stagflation: What it is, What Causes It and How to Protect Against It:
https://www.sbcgold.com/blog/stagflation-what-it-is-what-causes-it-and-how-to-protect-against-it/
2) Premiums on Precious Metals Explained: https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/
🔴 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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The Gold Spot™ | Looming Debt Crisis? A ‘Perfect Storm’ is Brewing
“2008 was bad…but I see this being much worse.”
– Sr. Precious Metals Advisor Steve Rand
Nobody was surprised by the Federal Reserve’s decision to raise interest rates by another 75 basis points. However, that doesn’t mean people are watching in silence. Americans are anxiously questioning how long the rate hikes will continue and if the economy is headed for a severe recession.
Much to the disappointment of the public, all signs suggest that the Fed is just warming up in its aggressive use of rate hikes. Our financial czars are already anticipating a whopping 1.25 percentage point jump by the end of 2022.
Jerome Powell reinforced this expectation during a recent speech by pledging to mirror the aggressive rate-hike strategy of former Fed Chair Paul Volcker who pushed rates up to a soul-crushing 16.5% during The Great Inflation of the 1970s.
In a rare moment of candor, Powell admitted that the Fed is prepared to accept the risk of sparking a recession in its last-ditch attempt to rein in inflation. With record high debts already weighing on the economy, this might set up the “perfect storm” for a debt crisis too.
Watch the video to find out what Scottsdale Bullion & Coin Precious Metals Advisor Todd Graf & Sr. Precious Metals Advisor Steve Rand are saying about how the Fed’s strategy will impact the economy and how Americans can protect themselves.
Read more here: https://www.sbcgold.com/blog/looming-debt-crisis-perfect-storm/
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