Recession Silver

Robert Kiyosaki warns about a huge crash in real estate and stocks due to quantitative tightening, recession, and other major destructive events happening right now. Robert T. Kiyosaki is an American businessman, investor, and best-selling author. One of his most popular books is “Rich Dad Poor Dad” and it’s a great educational tool on the way to financial freedom. Kiyosaki is well known for revealing the truth about money and finances that they don’t teach in any school.

First off, a market correction seems like a long time coming Especially with the amount of money being printed and let’s not forget politicians wanting to raise the debt ceiling YET AGAIN! What’s also alarming is The Swiss national Bank has reported a $143 billion loss for the 2022 financial year, the biggest loss in its 116-year history!

Markets moved higher Friday as investors think the Fed is about to deliver a smaller rate hike, but the Fed may need to talk up more quantitative tightening because the market isn’t listening and doesn’t care. Markets and Crypto alike gained largely as Bitcoin crossed 20k up over 10% in one day. Gold gained 1.3% while silver gained 1.7% A sign that inflation isn’t over.

Economic Projections from the Federal Reserve 2023: Real GDP .5% unemployment rate 4.6% PCE 3.1% Core PCE 3.5% 2024 projections Real GDP 1.6% Unemployment Rate 4.6% PCE 2.5% Federal Funds rate 4.1%

The average American holds a debt balance of $96,374 according to 2021 Experian data. That’s up 3.9% from 2020s average balance of $92,727 largely due to the rising balance of mortgage and auto loans.

Will this cause a recession and what does it mean for silver?

Recession Silver

Many already believe we are in a recession with costs of living skyrocketing across the US and some still live in lala land where they think nothing is wrong. If stocks take a terrible fall like in the 2008 crash, then metals should get a massive intake of funds as investors will want to protect and park their capital to safe havens like Gold and Silver. Silver is typically recession proof as it always has a value same with gold. Gold and silver are two investments and materials that will not go away. The dollar’s buying power has been decreasing and buyers are finally realizing it after seeing the rising costs in food. Eggs are a great example I’m sure you have seen it all over social media like twitter, and Facebook. We believe this is only the beginning.

Some other reads regarding this topic: Record COMEX Silver Withdrawals & Bullion Demand – Cranes Financial News

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