"The Federal Reserve and bankers talk tough, despite the 20+ year history of them caving. The higher the Fed goes, the more likely we will see a deeper recession. Stakes are higher for future interest rate decisions. Bank of England's actions supported this underlying belief last week. Investors should take a balanced and diversified approach. Combine U.S. and non-U.S. equities and bonds, precious metals, real estate, and commodities. Gold and silver could anchor investment portfolios," says Michael Cuggino.
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