John Rubino – Precious Metals Will Benefit As Macroeconomic Conditions Continue To Deteriorate
John Rubino, Founder of the Dollar Collapse website and editor of his newsletter over at Substack, joins us for a broad discussion the continued concerning macroeconomic data coming in and how this may further benefit the precious metals sector.
We start off discussing the weaker Fed manufacturing survey details, credit card companies reporting less consumer spending, weakness in commercial and residential real estate, banking sector concerns, and the ongoing debt ceiling ordeal. These kinds of trends as we move toward a contracting economy, and possible recession, should still be a boon for gold, and to a lessor effect, silver and platinum. Generalist investors are starting to position more defensively and this may convert over into a higher allocation to the precious metals sector as things further unfold.