On Tuesday, Deutsche Bank warned that the Fed’s fight against inflation will spark a recession in the U.S. late next year.

A report by bank economists said, “We no longer see the Fed achieving a soft landing. Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession.

They also stated, “The U.S. economy is expected to take a major hit from the extra Fed tightening by late next year and early 2024. We see two negative quarters of growth and a more than 1.5% point rise in the U.S. unemployment rate, developments that clearly qualify as a recession, albeit a moderate one.”

With talks of a recession, record-high inflation, and the Ukraine war, there’s been much talk about the importance of investing in gold lately.

In a recent tweet, Robert Kiyosaki issued some pretty big warnings.

In a series of tweets, he said that a recession and crash were coming and that the dollar was about to implode. He said investors needed to buy more gold and silver before WWIII.

Société Générale, a French investment bank also warned that investors need to maximize their commodity exposure, including gold.

“High inflation and lower rates suggest that gold will hit record highs. Indeed, we expect gold to reach $2,200/oz in 2Q.”

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