[Invitation] Join me on Thursday

My outlook for gold and the economy in 2024

Vaulted

Sent on 14 February 2024 11:14 AM

Text Summary Of This Email

My outlook for gold and the economy in 2024
Hello Tim,
I wanted to take a moment to personally reach out and invite you to tomorrow's webinar save your spot here.
If you are seeking clarity on the unfolding financial, economic, and geopolitical situation, youre not alone.
Ill share my insights on the state of the financial markets in 2024, and how you can secure your familys future.
Here is a taste of what well discuss
If you take the latest economic data at face value, its not half bad. (If you look through rose-colored glasses and a rear-view mirror):
Real GDP growth was reported at 3.3% in Q4 of 2023.
The unemployment rate is at a relatively stable 3.7%. Jobless claims are coming down.
Chairman Jerome Powell is cautiously optimistic about interest rate cuts in the coming months based on a widely accepted view that inflation concerns are behind us.
Discerning analysts see a different road ahead.
First, dont just look back, look forward.
Many of the positive numbers have been amplified by cash infusions from last years bank bailouts and short-term carryover from the $5.2 trillion in COVID fiscal interventions. Leading economic indicators suggest a downturn is on the horizon.
Inflation is proving dangerously stubborn, especially as conflicts in the Middle East disrupt energy markets and global shipping routes.
Secondly, theres the outsized US deficit.
Last time we saw these deficits, we were in a world war. The CBO expects the federal debt (currently $34 trillion) and deficit spending (currently $2 trillion per year) to continue rising. Interest rate hikes have increased our interest payments on the debt to such a degree that interest expenses now exceed defense spending!
So far this year, 17.9% of your taxes have gone to paying off the interest on the US debt. The figure is fast approaching 25%.
We can celebrate the $329 billion growth in the US economy. But we should know that it took $510 billion in debt to produce it.
If you dig into these insights and more, please join me this Thursday for a live session.
On this webinar, we will dive into:
The macroeconomic factors impacting gold and silver
How to craft a winning investment strategy during difficult times
Why 2024 is a crucial time for allocating to gold and silver
Plus, Ill have time saved for you to ask me specific questions. All you need to do is register to save your spot. Click here to register for the webinar.
Sincerely,
David McAlvany
CEO, Vaulted
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