Investors need to prepare for era of ‘big government’, Bank of America says

Financial Advisor/Karen DeMasters/2-13-2023

“Because of these actions, investors should put some of their money in hard assets, such as minerals, metals, and agriculture commodities, or commodities that will become scarce because of government protectionism, according to the report. Investors need to have some precious metals, [BoA’s Joe] Quinlan said.”

USAGOLD note: Quinlan says that big government will build up higher levels of debt creating “distortions” investors with which investors will be forced to contend. “The next five years are not going to be as easy for investors as the last decade,” he cautions.