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Gold, Silver and Bitcoin in a Weakening Economy!!!
Manage episode 421423848 series 3524376
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Hey SatsCrew,
We see material weakness in many businesses across the U.S. from a retail standpoint. A lot of discretionary products right now are not selling well at all, and because of this we are seeing companies like Dicks, Best Buy, Bass Pro Shops, and many more suffer because the consumer is sick.
The consumer is pretty much all tapped out from every angle because of inflation, slowing job increases, and more. In this podcast I dive into what I see as the current recession right now, where it is hitting the hardest - and how I am positioning myself to best weather the storm.
In the end, it is key to be prepared - because in the end when the tide goes out, you want to be caught strong and prepared.
- Bass Pro shops CEO recently issued a warning that the company needs to reassess its strategy
- Buy Now Pay Later on consumer discretionary products
- We are seeing a slow-down trend in the economy right now
- With this downtrend, Americans are maxing out credit debt, and specifically defaults are increasing
- Consumer sensitives are starting to see a setback (examples include anything recreational or debt is used to finance)
- Fast food and restaurants are down
- Necessities are still strong
- 2024 outlook and how I’m positioning?
- Gold, Silver, and most importantly Bitcoin/B companies
- Election year, things being propped up, and how to look at this
- Staying consistent with one’s strategy
So satscrew, what are your current thoughts on the economy right now? Do you think we are going to see more downside ahead of us? Also, what ways are you trying to position yourself to both weather this storm but also profit off a downside?
As always, thanks for all of the support, I look forward to continuing to deliver top tier content!
Best,
SatsMate
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment
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