As the global contagion continues to cause a great deal of uncertainty in the markets, I thought it was a good idea for precious metals dealer Tom Cloud to provide a new update.\u00a0 Tom starts off the video saying that in his 44 years in the industry, he has never seen anything like the current situation in the precious metals markets.<\/p>\n
Tom stated that one of his wealthier clients last week took money out of the banking system and purchased a large sum ($millions) of physical precious metals.\u00a0 Unfortunately, there still are only a fraction of financial planners that advise their clients to own a percentage of physical gold and silver in their portfolio.\u00a0 I believe investors should be increasing the typical 5-10% of precious metals in one’s portfolio to at least 20-25%.<\/strong><\/span><\/p>\n Tom also went on to say that some leading financial analysts are calling for a 30% drop in U.S. GDP by Q2 2020.\u00a0 This is no longer a recessionary event.\u00a0 Rather, we are heading into a Depression, the likes we haven’t seen for nearly eight decades.\u00a0 Very few Americans are prepared for what’s coming.<\/p>\n