The World Economic Forum is underway in Davos, for the first time since COVID-19 put it on hold back in 2020. Many leaders to discuss many issues surrounding money problems, and, as expected, the United States came up.
Facing the highest inflation that it’s seen in forty years, the U.S. could be facing even direr straits as it heads into 2023. Kristalina Georgieva, who serves as managing director for the International Monetary Fund, noted that the “potential confluence of calamities” could affect many in the months ahead. Because of this, the economy could very well face “perhaps the biggest test since the Second World War.”
Aside from inflation, other issues came up as well, including the ongoing conflict between Ukraine and Russia, as well as climate change. One fear that comes from the latter involves new fossil fuel investments, with International Energy Agency’s Fatih Birol noting that they will “forever close the door to reaching our climate targets.”
Joining us now to discuss the findings of the Davos group is Devlyn Steele, who currently serves as director of education for Augusta Precious Metals. His company knows quite a bit about the economy, so he’ll have plenty of insight to lend to the matter.
- Do you believe the group in Davos is accurate when it comes to the statement that the economy will face “the biggest test since the Second World War”? What do you think might prove to be the biggest difference between what happened then and what could potentially happen now?
- Economists have gone on the record recently with their opinion that we’re headed for a recession. What is your take on that? Do you think something could be done to slow the rise of inflation before a recession sets in?
- What do you take away from the International Energy Agency’s statement about fossil fuels? Could that have an effect on inflation as well?
- How do you see people preparing for a recession?
- You work for the Augusta Precious Metals. What do you think about the state of investing in gold and silver at the moment?
- Where may we get more information on acquiring gold or silver or other tangible assets that might act as a hedge against inflation?
Answer: AugustaPreciousMetals.com. On a side note, former professional football player Joe Montana serves as one of our spokespersons.
About Devlyn Steele:
Devlyn Steele began in 1983 as a financial analyst for Butler Aviation and went on to work for UPS and People’s Express Airlines. As his career has progressed, he’s been an analyst in various industries, from finance, manufacturing, and technology to venture capital and more. He has sat on the boards of several Silicon Valley and technology companies and still does.
He is a member of the Harvard School of Business analytics program and predicted the housing crash in 2008 and the rise in gold and silver that followed.
Devlyn is an avid investor in all markets: real estate, stocks, gold and silver, and cryptocurrencies, and is a gold bull.
Devlyn is the director of education for Augusta Precious Metals. His focus as an analyst is primarily on Federal Reserve policies that can affect the dollar and precious metals.
CONTACT: To schedule an interview with Devlyn Steele, email jerry.specialguests@gmail.com.
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