UBS Issues Warning: Diversify into Gold & Silver
UBS, one of the world's leading financial institutions, is issuing a red-flag warning to diversify away from the depreciating dollar.
The efforts by BRICS to de-dollarize and the tightening of monetary policies among global banks are fueling the urgent need to hedge outside of the traditional financial system.
Narrowing interest rate advantages, insurmountable national debt, election uncertainties, and harrowing geopolitical tensions escalating toward the risk of world war, are compounding into a rapid devaluation of the dollar.
UBS is recommending gold and silver as hedges for portfolios tied to the greenback, which has declined by 5% since its peak in June.
Additionally, there is growing concern that we could be headed toward hyperinflation, with more borrowing and money printing anticipated as we approach 2025.
Notably, last week, Bank of America strategist Michael Hartnett also recommended buying gold due to the looming risk of a bubble, and Warren Buffett has sold a significant portion of his shares in BofA, reducing his holdings to a percentage that no longer requires public reporting.
Furthermore, JP Morgan has warned investors to anticipate lower stock market returns over the next decade.
The upcoming BRICS summit this month will focus on ditching the dollar. They are proposing a new currency, comprising 40% gold and 60% sovereign nation currencies. The Chinese yuan, Russian ruble, and Indian rupee are expected to be key components.
To avoid this potentially devastating downward spiral, hedging away from the US dollar and the broader financial system is advised.
Gold and silver have a long history of maintaining value during times of currency collapse.
Your financial institution may recommend starting this hedge, and they will likely assist with such transactions. However, it would be prudent to invest in gold and silver independently from your primary financial institution. Doing so ensures that you are not placing all your assets under one umbrella, as those firms remain subject to the same market regulations inside the financial system.
For peace of mind and to protect your financial future and that of your loved ones, call us for an easy way to buy gold, whether for home delivery, vault storage, or through a precious metals IRA to safeguard your retirement account.
Feel free to contact us at 610-326-2000 for a no-obligation consultation about investing in precious metals as a hedge for your portfolio.
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