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Recession Dead Ahead, Equities Vulnerable, Gold Poised for More Gains

Released on Wednesday, December 7, 2022•MARKETS

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Dana Samuelson will explain why the US economy is on the edge of a true recession, and potentially a severe one. Leading economic indicators have been weakening for several months and the future looks worse. Equity values may be especially vulnerable when you consider todays value metrics against every previous major economic turning point. Meanwhile gold has already rallied from cyclical lows but remains undervalued relative to the value of the US dollar, our debt, the global economy, and global inflation.

Dana Samuelson

American Gold Exchange, Inc. , President

Dana Samuelson, president of American Gold Exchange (AGE) has 44 years in the industry. Mr. Samuelson enjoys an impeccable national reputation for honesty and integrity with his peers and his clients. He has flawlessly overseen transactions approaching $2 billion and he’s looking forward to his next $2 billion. Mr. Samuelson has been a professional numismatist since 1980 and worked for some of the most influential precious metals trading companies in the nation, including 10 years with the original gold bug and industry legend James U. Blanchard III, before founding AGE in 1998. He served on the Board of Directors of the Professional Numismatists Guild (PNG) for twelve years and became president of PNG in 2016. In 2020, and again today, Mr. Samuelson works with the Commodity Futures Trading Commission (CFTC) in their quest to end the allegedly fraudulent business practices of two precious metals sellers to elderly IRA investors.