"Buffett says it's been an 'incredible period' for the economy My friend, Yes, you read that correctly! Legendary investor and billionaire Warren Buffett has sold off $28.7 Billion in stocks in the first three quarters of 2023, according to SEC filings. Economists interpret this as the sounding of the alarm bells for the U.S. economy. In fact, Economist Harry Dent Just predicted that 2024 will bring 'biggest crash of our lifetime'. He says the S&P will nosedive by 86%.
Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, told Newsweek this is a crucial sign "that a recession is right around the corner." How is Buffett predicting the Crash of 2024? "The money supply of the United States, broadly measured [M2], started contracting in July 2022 and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent." According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38, and 1948-49—in which the money supply has had significant contractions. "Each of those four periods was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession." Yahoo Finance says U.S. markets drop 32% on average during recessions. Recent Money.com surveys show economists see at least a 60% chance of a recession in the next 12 months. CNN News says "the US economy is still showing signs of a slowdown." Learn more by grabbing this Complimentary Protection Guide. You'll find simple, actionable steps to protect yourself from the next market crash. There is only one way to protect yourself from unrecoverable losses when markets crash. Gold. For nearly 50 years, Buffet was against Gold. Last year, he made a 180-degree turn and plopped $585 million into Barrick Gold. He also has $1 Billion invested in Silver. Buffet is telegraphing his moves; all you have to do is read the tea leaves. He has moved heavily into Precious Metals and is selling off paper assets. If Buffet is "hedging himself" a fortified position against the next market downturn, how can you use this information to your benefit? In times of economic uncertainty, unlike paper currencies, which economic fluctuations can easily devalue, Gold consistently maintains its purchasing power over time.
Take action NOW by grabbing this Complimentary Protection Guide. It's yours, no strings attached. Act now and protect yourself before the market begins to crumble. You can get this free guide even faster by calling (888) 411-Gold (4653) |
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