BREAKING: Buffett Sells Off $28.7 Billion in Stock Ahead of Market Downturn. Expects Market to Plummet. Invests in Gold. "A move some see as a predictor that the economy could be headed for trouble." -Yahoo! Finance My friend, Yes, you read that correctly! Legendary investor and billionaire Warren Buffett has sold off $28.7 Billion in stocks in the first three quarters of 2023, according to SEC filings. Economists interpret this as the sounding of the alarm bells for the U.S. economy. Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, told Newsweek this is a crucial sign "that a recession is right around the corner." Why would they think a market crash is coming? "The money supply of the United States, broadly measured [M2], started contracting in July 2022 and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent." According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38, and 1948-49—in which the money supply has had significant contractions. "Each of those four periods was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession." Yahoo Finance says U.S. markets drop 32% on average during recessions. Recent Money.com surveys show economists see at least a 60% chance of a recession in the next 12 months. Learn more by grabbing this Complimentary Protection Guide. You'll find simple, actionable steps to protect yourself from the next market crash. Warren Buffett is considered to be one of the greatest investors of all time. He is also the 5th richest person in the world, and his moves are closely analyzed and followed. For nearly 50 years, Buffet was against Gold. Last year, he made a 180-degree turn and plopped $585 million into Barrick Gold. He also has $1 Billion invested in Silver. Buffet is telegraphing his moves, and all you have to do is read the tea leaves. He has moved heavily into Precious Metals and is selling off paper assets. Buffet is "hedging himself" a fortified position against the next market downturn, and so should you! There is only one way to protect yourself from unrecoverable losses when markets crash. Gold. In times of economic uncertainty, Gold has proven to be a safe haven, shielding investors from the volatility and risks associated with other forms of investment. Gold has long been regarded as a reliable and steadfast hedge of protection. Learn more by grabbing this Complimentary Protection Guide. Take action to protect yourself from the next market crash. You can get this free guide even faster by calling (888) 411-Gold (4653) Act now before your forget. Grab this Complimentary Protection Guide here. |
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