We have written before about how precious metals and certain types of annuities can help protect retirees against economic shocks like we are seeing today.
In the economic recesses of my mind, I recall a lecture by a university economics professor about “opportunity cost”. There is a cost to purchasing and owning something that goes beyond the purchase price.
In October of 2019 we alerted our readers to the possibility of entering a recession here in the United States, sometime in 2020. This concern has begun to be expressed by American CEO’s that have their finger on the pulse of the business climate both here and around the world. We thought it would be a good time to revisit this discussion, and update our interpretations of the latest data, and what it all means for precious metals.
The signs are everywhere, and the Federal Reserve is no longer hinting about their desire for higher inflation.
Where does one go in times like these? Before we can answer this question, we must first determine what kind of times we have, and then gravitate towards what has historically worked best in similar circumstances. There are troubling signs on the horizon, that indicate a possible recession in the economy, and turbulence for the markets.
While we have not yet turned the corner on 2019, all eyes are looking ahead to 2020. Looking over the horizon, we see both opportunities and warnings for the precious metals investor.