Investors suffered relentless economic blows throughout 2022 amid unparalleled global turmoil. With the year ending, many fear these economic challenges will not only persist but worsen in 2023.
The unexpected midterm elections secured Americans another two years of political gridlock and an open faucet on the Biden admin’s spending habits which both hurt the economy.
Russia’s war with Ukraine continues to disrupt global supply chains, stretch limited energy supplies, and strain already uncertain political relations.
Just when Sam Bankman-Friend was ready to be crowned the savior of the crypto sphere, his FTX exchange filed for bankruptcy after losing billions of dollars of investors' funds.
Countries around the world balance on the edge of political fallout as citizens grow weary of economic hardship and increasingly skeptical of legacy systems.
Earlier this week, Japan’s bond market took a hit after the Bank of Japan made some policy adjustments. Global markets reacted in kind, demonstrating how skittish investors remain.
As currencies and fiat-backed markets falter, investors are turning to the safe haven of physical gold and silver for protection against rising inflation.
This surging demand for physical precious metals has strained already limited supplies of some gold bullion coins and bars and silver bullion coins and bars, like American Eagle coins, making it harder for suppliers to source certain types of assets.
Watch the video to hear Scottsdale Bullion & Coin Sr. Advisor Steve Rand & Precious Metals Advisor Todd Graf recap 2022’s economic challenges, what 2023 might bring, and why investors shouldn’t wait to buy gold and silver.
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