Some 52% of global fund managers told Bank of America in a survey that they view gold as "the best hedge against a full-blown trade war."

Gold prices crossed the $3,000 mark for the first time, as President Donald Trump’s tariffs against major trading partners have roiled financial markets, pushing investors to safe-haven assets as they fear elevated inflation and a possible recession.

  • SwizzleStickEnglish
    10·
    16 hours ago

    Alfred Henry Lewis

    There are only nine meals between mankind and anarchy.

    • CitizenKong@lemmy.world
      8·
      15 hours ago

      Also, most super markets have no reserves, so if supply lines fail, they are empty within 24 hours. Almost happened during Covid.

      • SupraMario@lemmy.world
        1·
        8 hours ago

        Yep, get rice and dry goods to survive off and a deep freeze if you have room, you can freeze basically everything for a good while.

        Also get flower and a cast iron dutch oven and make no kneed bread.