Just in time for the 2024 holiday season, surveys show that nearly half of all Americans are still carrying debt from last year, compared to just 25% two years ago.  

Rising prices and stagnant wages have forced many households to rely on credit cards to cover basic necessities like groceries and gas.  

With credit card debt hitting a staggering $1.17 trillion — an 8% year-over-year increase — Americans are financing their futures for immediate survival. 

Retailers are also feeling the strain. 

Companies like Target have issued warnings about weak holiday spending, citing consumers’ tight budgets and the ongoing impact of inflation. Smaller businesses, unable to weather the storm, are at risk of closures, threatening jobs and local economies. 

This paints an extremely concerning picture: an economy reliant on consumer spending, but those consumers are drowning in debt. 

Alarm Bells Ringing: Layoffs and Insider Selling 

Layoffs are becoming a troubling trend, even during a season typically marked by increased hiring. Major companies such as Boeing, Marriott, and Salesforce have announced significant job cuts, signaling caution as they prepare for a potential downturn. 

Meanwhile, corporate insiders are selling shares at levels not seen since before the 2008 financial crisis. Historically, insider sell-offs have been an early warning of overvalued markets and potential economic turmoil. These actions suggest a lack of confidence in the stability of the financial system. 

What This Means for Your Retirement 

For those nearing or in retirement, these economic shifts pose serious risks to financial security. With inflation eroding purchasing power and debt levels climbing, relying solely on traditional financial institutions or paper assets may not provide the stability you need. 

Now more than ever, it’s crucial to diversify your portfolio with tangible assets like physical gold and silver. These time-tested stores of value not only act as a hedge against inflation but also offer a level of wealth protection unmatched by other investment options. 

Why Gold and Silver Are Your Best Defense 

Throughout history, gold and silver have maintained their value during economic crises. Unlike paper assets, they are not directly tied to the volatility of stock markets or fiat currencies. This makes them an excellent choice for those seeking financial privacy, independence, and security. 

Here’s why: 

1. Hedge Against Inflation: As inflation continues to rise, the value of the U.S. dollar declines. Gold and silver preserve purchasing power over the long term. 
2. Protection During Economic Uncertainty: When markets are unstable, tangible assets like gold and silver provide a safe haven. 
3. Physical Ownership: Unlike digital investments, owning physical metals gives you direct control, ensuring privacy and independence from the banking system. 
4. Diversification: Gold and silver add resilience to your portfolio by balancing risks associated with traditional investments like stocks and bonds. 

Take Control of Your Financial Future 

At ITM Trading, we’ve spent over 28 years empowering clients with strategies to build resilient portfolios. Our team of expert analysts specializes in helping you navigate market volatility and plan for the unexpected. 

If the current economic trends leave you feeling uncertain, now is the time to act. Don’t wait until it’s too late. Protect your wealth and secure your financial future with physical gold and silver — your best defense against inflation and economic instability. 

Schedule a consultation today with one of our expert analysts. We’ll help you develop a customized strategy to safeguard your wealth and achieve long-term financial security.