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Silver Dollar Values Prices Skyrocketing, Marc Faber: Another Widespread Recession Is Guaranteed
For the time being, investors will ride out the storm as best they can until markets decide which way they will be heading for the future. Our recommendation is to buy gold & silver now to safeguard your wealth from the pending financial doomsday.
Its been a number of months since Faber produced his remarks concerning the international economic climate, so we thought we would check in around the U.S. to determine if any trends have created therefore far in 2012. U.S. GDP growth has sank from 3% to 1.5% over the last 3 quarters and there's no need to mention our towering debt piles, as these have been well documented for very some time. Our unemployment rate has risen from 8.1% to 8.3% since May (although it should be noted that actual unemployment is in the selection of 15%), and domestic industrial production has dropped since Might (although levels are nonetheless greater than they had been earlier in the year). Retail sales had been weak for the summer time, but this week’s report showed a significant increase in customer spending which might be a sign of elevated customer self-confidence. Inflation has fallen off considerably from 2.3% in Might to just 1.7% the last two months. In short, financial indicators are all across the board, making it challenging to say whether or not or not we're really in a recession. Rare Coins, Silver Coins, Gold Coins >> http://www.silver-
Obviously, all of those figures will be obsolete when a third round of quantitative easing is announced, because it would significantly shake up our economic climate; when the plan works, stocks will rise as will important financial indicators, if it fails we'll merely bury ourselves deeper into a hole having a devalued currency along with a total lack of self-confidence from customers and investors.
From a monetary standpoint, stocks have had a powerful year. The S&P 500 has jumped by nearly 11.8% as markets have charged greater throughout the majority of 2012. For many, this is really the only stat that matters. As long as stock markets continue to perform nicely, investors likely won’t be arguing about a recession or not. But obviously, it remains to be seen if equities can maintain their momentum, as the past few weeks have been relatively rocky.
All in all, calling ourselves in a recession currently is factually inaccurate, but whether or not or not we're heading into one is a different story. Precisely what it takes is two consecutive quarters of GDP contraction, and we're right back where we started. For the time being, investors will ride out the storm as best they can until markets decide which way they will be heading for the future. Therefore what do you all think, are we heading towards a recession or is Mr. Faber a bit brash on his bold prediction? Our recommendation is to buy gold and buy silver now to safeguard your wealth from the pending financial doomsday. How High Will Silver Go? Learn More >> http://silver-