If traders understood what’s happening, gold would have soared today. The U.S. economy is headed for a recession. Stock and real estate prices will crash, wiping out the net worth of millions. Companies will close, laying off millions. The reverse wealth effect and job losses will cause consumer spending and GDP to collapse.
This will force the Fed to abort the planned December rate hike. Trump and the Democrats will work together to pass a massive stimulus package, which the Fed will finance with the mother of all QE programs. Annual budget deficits will approach $5 trillion, tanking the dollar and sending consumer prices soaring. The pressure on the bond market and the dollar will lead to a sovereign debt and currency crisis.
Gold will be the only safe-haven asset left. Buy yours now from Schiff Gold before more people realize what’s happening and buy theirs.