President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.
If this spirals there’s a pretty solid chance that we end up with 08 at best, depression at middling, or outright economic collapse and possibly interstate trade shutdown at worst. Metals generally hold their price well enough in such situations, stocks not so much.
Why precious metals and not foreign investments?
If the USD dies I don’t think any asset is going to do well, except like maybe Russia.
China’s export economy will crumble, I’m Canadian so our trade will fall apart, and the Euro will probably have a crisis like 2008.
If this spirals there’s a pretty solid chance that we end up with 08 at best, depression at middling, or outright economic collapse and possibly interstate trade shutdown at worst. Metals generally hold their price well enough in such situations, stocks not so much.
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