It looks like the Federal Reserve is planning to raise interest rates several times this year and next year. With inflation increasing, the consumer price index for January 2022 was 7.5% – the highest it has been in FOUR DECADES.
We’re headed to negative interest rates – have savings in the bank earning tops 1.5%? Subtract inflation of 7.5% and you have a negative 6.5% rate.
Money managers on Wall Street diversify and keep a certain percentage in precious metals like gold and silver.
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