U.S. inflation hit a staggering 8.5 percent this past month, and isn’t showing any signs of slowing down despite recent action by the Federal government. But what’s happening overseas could be of bigger interest to international investors.
A recent report at Bloomberg notes that traders are already expecting an increase in inflation due to the ongoing Ukraine-Russia conflict. In fact, some believe the increase will actually become higher than in the United States, with 3.02 percent versus the U.S.’ 3 percent. This marks the first time in well over a decade that these statistics have “flipped,” since 2009.
As a result, with “peak inflation” still in the midst, some people may be holding off on key investments. Today, we’re speaking with Devlyn Steele, with Augusta Precious Metals, to get a better idea of what could become of this situation – and if people should consider other investments.
Q & A
- Thanks for joining us today, Devlyn. What is your overall take on European inflation, and how bad do you potentially see it getting?
- There’s talk of a possible recession in 2023. How do you think this will affect both the U.S. and Europe overall?
- As the director of education in Augusta Precious Metals, you’ve talked about how gold and silver are often used by investors to diversify their portfolios. Do you believe this is still a good way to diversify, even with growing inflation?
- The price of gold has fluctuated a little bit over the past couple of weeks. Do you see the price going back into an increase, or could it go the other way around?
- What information can you share with would-be precious metals investors at this point in time? Are there any interesting forms of gold or silver they could be looking at to diversify their savings?
- Where can we learn more about Augusta Precious Metals?
- Those interested can visit https://www.augustapreciousmetals.com.
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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