Bloomberg/Sagarika Jaisinghani/4-2-2023
“Of all the top Wall Street strategists who predicted a rocky first half for equity markets back in December, many warned about mounting economic and profit risks from higher interest rates, but no one saw the turmoil in the banking sector coming.”
USAGOLD note: It is precisely because it is difficult, if not impossible, to guess where the next financial crisis will originate, or when, that prudent investors hedge their portfolios with precious metals – assets (unlike bank deposits, for example) not subject to default or counterparty risk.
