IMF Warns of ‘Alarmingly High’ Risk of Deeper Global Slump

The International Monetary Fund is back issuing warnings about the global economy and investors best heed those warnings. The IMF may be controversial in many ways, but when it comes to the individual investor’s perspective, they don’t really have an axe to grind.

The IMF cut its global growth forecasts as the euro area’s debt crisis intensifies. This comes as a bit of a shock to many observers since the European crisis has been pushed to the back burner by the US presidential election and Middle East issues. This is a stark warning that Europe is still sick and not in recovery.

“Confidence in the global financial system remains exceptionally fragile,” the IMF said. “Bank lending has remained sluggish across advanced economies.”

What all this means to investors is that the global economy is fragile and when the economy is fragile, the financial markets are under duress as well.

That requires action, specifically acquiring investment assets that can provide a hedge against turmoil. Hard assets, particularly gold investments, are ideally suited for that purpose. And when it comes to gold investments, rare gold coins offer a unique combination of performance and security benefits.

http://www.bloomberg.com/news/print/2012-10-08/imf-sees-alarmingly-high-risk-of-deeper-global-slump.html

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