The Interest Rate Increase and the Attack on Savings
March 28, 2023
The Fed’s recent interest rate increases have set off alarm bells across the economy. When interest rates go up, the cost of borrowing money increases, which can put a squeeze on both businesses and individuals. Companies may cut back on investments and hiring, while consumers may curb their spending, leading to a slowdown in economic growth.
Moreover, higher interest rates can lead to a stronger dollar, making US exports more expensive and hurting American businesses that rely on international trade. The cost of servicing debt also goes up, which can lead to defaults on loans and financial distress for individuals and companies alike.
But it’s not just about businesses and the economy at large. Higher interest rates can also hurt everyday Americans. For instance, if you have a variable-rate mortgage or credit card debt, your interest rates will likely go up, costing you more money in interest payments. Savers may benefit from higher interest rates in the form of better returns on savings accounts and CDs, but overall, the impact on consumers is more negative than positive.
So, what can investors do to protect themselves from a potential recession caused by the Fed’s interest rate increases? One option is to invest in physical precious metals, such as gold and silver. These metals have been used as a store of value for thousands of years, and are often seen as a safe haven investment during times of economic uncertainty.
And here’s the kicker – during a recession, the demand for precious metals skyrockets, which drives up the prices. So not only are you protecting your wealth, but you’re also potentially profiting from the market turbulence. It’s like having a lifeboat in a stormy sea, while everyone else is sinking.
So, if you want to safeguard your financial future and avoid being caught in the storm of an impending recession, investing in physical precious metals is a no-brainer. Don’t wait until it’s too late. Invest now and secure your wealth. Call 888-503-1553 or fill out the form on the right side and get your FREE Guide for Investing in Precious Metals.