Over the past couple of months, American citizens (as well as others across the globe) have been feeling the effects of growing inflation. From rising gas prices to heavily priced items being imported from other markets, it’s left some people feeling like they’re in a crunch. And there are many indications this could lead to the first significant recession since 2008.
Some experts believe that a forthcoming recession is inevitable, and could start as soon as early 2023. As far as how long it could last, some believe it might last throughout the year, while others believe it could clear up by next summer.
Whatever the case, a recession, if it happens, could leave a number of people in a rut, especially those looking for a new house or relying heavily on their car for work or play.
Joining us now to discuss the potential long-term effects of a recession 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.
- First off, can the potential recession some experts now say is coming in 2023 still be avoided? In hindsight, is there anything that could’ve been done to prevent the booming inflation that America and other countries are experiencing right now?
- With some experts now saying a recession could occur, how should people prepare for it? Save money? Stock up on necessary supplies? How should they plan ahead so they don’t find themselves in a “crunch”?
- Could a recession have a lasting effect on older people trying to enjoy retirement or “get by” with less demanding work? How so?
- What do you think a recession would mean for employment as a whole? We’ve already seen a few retailers provide a grim outlook for the year ahead. Do you think we could see a loss of jobs, or the introduction of new delivery models, for example?
- What do you think about investing in a time of inflation and potential recession? We know you’ve talked quite a bit about the value of gold and silver. What advantages have they provided during periods of economic distress?
- Where may we get more information on acquiring gold or silver or other tangible assets that may 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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