Between increasing recession risks, the crypto crash, record-high inflation, and ongoing economic recovery, investors have a lot to keep up with. Let’s break some of those down. Recession fears: Recently, the former CEO of Goldman Sachs, Lloyd Blankfein, warned of a very high risk of a recession. “If I were running a big company, I’d be very prepared for it. If I was a consumer, I’d be prepared for it.” The crypto crash: According to the WSJ, within the last six weeks, $1 trillion in crypto value has evaporated. Surging inflation is causing the Fed to raise interest rates faster, which investors believe will cause a slowdown in economic growth. The result: Investors are unloading risky assets, including cryptocurrencies. In a recent article, the WSJ breaks down when the selling will stop. Dipping in gold: It’s no secret that gold prices are also dipping during this time. However, experts say that’s setting them up for long-term gains.

 

Business Insider/Hamza Fareed Malik
Goldman Sachs’ former CEO says there’s a ‘very, very high risk’ of recession for the US economy and companies and consumers should prepare

The former CEO of Goldman Sachs has warned of a very high risk of recession for the US economy and said companies and consumers should prepare for it.

Speaking to CBS News’ “Face the Nation” on Sunday, Lloyd Blankfein said, “It’s certainly a very, very high risk factor,” when asked about a recession.

“If I were running a big company, I’d be very prepared for it. If I was a consumer I’d be prepared for it.”

You can read the full story, here.

 

Fox Business
Crypto market experiencing ‘one of the biggest dips’ in a long time: Expert

Delta Blockchain Fund founder Kavita Gupta explains as bitcoin trades below $30,000.

Watch the full interview, here.

 

Kitco News/David Erfle
Short-term gold sector pain setting the stage for long-term gains

Recent moves by the Federal Reserve have swiftly brought fear into the marketplace of a major policy error that could alternately lead to a slowdown in economic growth, combined with unstoppable inflation.

Although the precious metals junior sector carnage has been widespread and deep, due to being higher risk, the entire marketplace has not been spared. With investors deleveraging to build up cash during a likely upcoming Fed-forced recession, Mr. Market has spared no one.

But the pain inflicted on crypto HODLers this week has been far worse than what we have experienced in the gold space. If you had invested $250 million in Terra Luna one month ago, the fourth most popular cryptocurrency at the time, you now have $0.06!

“I lost over 450k usd, I cannot pay the bank,” read one of the top posts on the Reddit forum for Terra Luna this week. “I will lose my home soon. I’ll become homeless. Suicide is the only way out for me.” This is a very sad and harsh reminder that the crypto universe is almost completely unregulated—there are no guardrails, the government doesn’t have investors’ backs.

Continue reading, here.

 

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