Japan’s Prime Minister, Shinzo Abe, has warned his G7 counterparts today that the world may on the brink of a global financial crisis on the scale of what happened with Lehman Brothers in 2007.
His warning appears to not have been heeded as there was no mention of a potential risk of a global economic crisis in a communique issued by them as their summit wrapped up today in Japan.
Diversification remains the key to weathering the likely impact of the next financial crisis on financial markets and assets including bank deposits. Paper and digital assets, including digital gold, are risky investments and can be subject to things such as bail-ins and an inability to transact, be paid, liquidity etc.
Direct legal ownership of individually segregated and allocated gold coins and bars will protect and grow wealth in the coming years. Buying gold and silver coins and bars to store yourself is another good option.