How to Survive the Looming Recession | The Gold Standard 2316

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For many, the recession question isn’t a matter of if but when. Credible financial resources warn of a recession. Many variables make the situation complex:

• Hiking interest rates
• Extreme weather events
• The escalating war in Ukraine
• A global energy crisis

It certainly feels as though we’re in a global economic slowdown. The International Monetary Fund (IMF) predicts global output to decline 2.7 percent this year and warns us that we haven’t seen the worst. Join us as we explore the unique benefits of investing in precious metals and how they can help protect your portfolio from the unpredictable forces of the global economy.

Many Wall Street professionals express concern that a recession may be on the horizon due to the inverted US yield curve and the aggressive rate hikes. The housing market can also trigger a recession, but there hasn’t been a collapse in activity. GDP data is a crucial but lagging indicator, suggesting that Q1 2023 GDP will grow at around 2.5%. If Q2 is similarly robust, then a 2023 recession becomes less likely. However, growth in the first half of 2022 was negative, setting up an easier year-on-year comparison. Therefore, any 2023 recession would be more likely in the year’s second half.

Ken uses the metaphor of the Titanic to describe the precarious state of traditional investment assets like stocks, bonds, real estate, and currency. Ken explains that these assets are like the Titanic — massive, impressive, and seemingly invincible but ultimately vulnerable to sudden and catastrophic loss.

In the case of the stock market, this vulnerability comes from corporate bankruptcies, market crashes, and global economic downturns. Similarly, inflation, deflation, interest rate changes, and international trade fluctuations all impact our currency.

The banking crisis will grow because there has been too much reliance on short-term sources of funds and a growing loss of customer confidence. Recent polls show that most Americans are concerned about their bank’s stability. They no longer have peace of mind that their money will be available in a pinch. The 2008 financial recession is a fresh memory for many people, and they fear it is happening again.

Modern banking policies and processes are built on quicksand. About a hundred years ago, deposits were either savings or checking. Savings and checking had different business functions. Today, checking and savings have been melted together. Central banks have profited tremendously from printing money. Currency printing allows banking institutions to lend out several times the amount deposited with them. This fraudulent practice will eventually collapse as it did in 1929, with deflation or through hyperinflation, as in the Weimar Republic in 1920s Germany.

Gold and silver are like a lifeboat — small, unassuming, and easily overlooked, but ultimately providing a haven in times of crisis. Just as a lifeboat provides a way to escape a sinking ship; gold and silver can provide a way to protect wealth from the potential failure of traditional investment assets like stocks and currency. While stocks and currency can be vulnerable to sudden and catastrophic loss, gold and silver have historically held their value and even appreciated during times of economic turmoil and crisis.

The Mexican 50 Gold Pesos, also known as the Centenario, is one of the world’s most significant gold bullion products. It was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain, and it has since become an iconic symbol of Mexican culture and history.

The Mexican 50 Gold Pesos is significant because of its impressive gold content. Each coin contains 1.2057 troy ounces of pure gold, making it one of the world’s largest and heaviest gold coins. This high gold content, historical significance, and beautiful design make the Centenario a highly sought-after and valuable gold bullion product.

The coin features Emilio del Moral’s iconic design of Winged Victory, also known as the Angel of Independence, standing atop a Mexican Independence Victory Column. Her right hand held up high, holding the laurel crown representing victory. The carving is highly detailed and intricate, with Angel’s outstretched wings and flowing robes adding a sense of grandeur and drama to the image.

The coin represents Mexico’s struggle for independence and its emergence as a proud and independent nation. For many collectors and investors, owning a Centenario is not just a way to invest in gold but also a way to connect with Mexico’s rich cultural heritage and history.
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