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– A steadfast asset that never drops to zero because it is an organic store of value.
Be Prepared with This ULTIMATE Free Guide:
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LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
BEAT THE HERD: This Crisis Is About To Get MUCH WORSE – Jim Rickards
The current global crisis has already caused immense economic damage, with businesses shutting down, unemployment soaring, and financial markets experiencing extreme volatility. However, according to renowned economist and author Jim Rickards, this tough situation is about to escalate even further, making it imperative for individuals to take proactive measures to safeguard their finances.
In his latest book, “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” Rickards delves into the underlying factors that have led up to this economic crisis and provides guidance on how to navigate the treacherous waters ahead. Through his extensive understanding of macroeconomics, financial markets, and central banking, Rickards highlights the critical issues that are often overlooked by the mainstream media and provides a realistic assessment of the severity of the current crisis.
Many experts and analysts have emphasized the impact of the COVID-19 pandemic on global economies, but Rickards argues that there are deeper structural problems at play. According to him, a decade of excessive debt creation, bloated asset prices, and unsustainable monetary policy measures have laid the groundwork for a major financial meltdown. While the pandemic acted as the catalyst, Rickards believes that the crisis was imminent even without it.
Rickards goes on to explain that the traditional monetary and fiscal policies employed by governments and central banks in response to crises are unlikely to be effective this time around. With interest rates already close to zero and national debts skyrocketing, the room for further stimulus measures is limited. As a result, the global economy is facing a liquidity crunch, which Rickards believes will intensify in the coming months.
To make matters worse, Rickards argues that the second wave of COVID-19 infections, the deepening geopolitical tensions, and the potential collapse of key industries will further exacerbate the crisis. This gloomy outlook may seem alarming, but Rickards believes that understanding the severity of the situation is crucial for individuals to protect their wealth and secure their financial future.
So, what can individuals do to beat the herd and shield themselves from the coming chaos? Rickards suggests diversifying investments by including non-traditional assets such as gold, silver, and even cryptocurrencies in one’s portfolio. He also advises reducing exposure to heavily indebted institutions and increasing one’s cash holdings as a precautionary measure.
Rickards also emphasizes the importance of knowledge and understanding. By educating oneself about finance, economics, and investing, individuals can make informed decisions and react strategically to the evolving crisis. Furthermore, individuals should be cautious of the mainstream media’s often misleading narratives and seek alternative sources of analysis and information.
While the current crisis may seem overwhelming, Jim Rickards offers a realistic assessment and actionable advice for individuals to protect their wealth and navigate these turbulent times. By being proactive, diversifying investments, and staying informed, individuals can minimize their vulnerability and come out stronger in the aftermath of this global crisis.
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