Trump warns of a 1929-style Great Depression if court rules against tariffs — says ‘no way’ America can recover from such ‘tragedy.’ Are you ready?

“If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen, it would be impossible to ever recover, or pay back, these massive sums of money and honor. It would be 1929 all over again, a GREAT DEPRESSION!” Trump wrote in a recent post on Truth Social.

The warning comes as a federal appeals court hears arguments on the legality of his tariff policy. Trump added that if the court were to rule against him, “they should have done so LONG AGO,” claiming, “there is no way America could recover from such a judicial tragedy.”

He also credited tariffs for the U.S. stock market’s recent performance. “Tariffs are having a huge positive impact on the Stock Market. Almost every day, new records are set,” he wrote.

It’s true stocks have been on a tear, with the S&P 500 recently hitting fresh highs. But back in April — when Trump first unveiled his sweeping tariffs — markets plunged. They only began to rebound after he softened his stance and scaled back some measures.

Many experts disagree with Trump’s view that striking down tariffs would be an economic blow. Even economist Peter Schiff, who backed Trump in the 2024 election, argues the tariffs are hurting Americans, not foreign countries.

“The media is helping Trump deceive the public by reporting that he's hitting other countries with tariffs. In reality, he's hitting American consumers who buy imports from those countries with tariffs,” Schiff said in a recent post on X. “We are being taxed, and our freedom to choose what we buy is being abridged.”

Others see a court ruling against tariffs as a potential boost.

“If courts shoot down the tariffs, it would be complicated — but a huge positive. There would be a massive celebration,” Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN.

While the outcome of the court battle remains uncertain, Trump’s stark warning underscores a broader concern: how quickly political and geopolitical events can rattle markets. For investors, it’s a reminder that safeguarding wealth often means turning to assets that can hold their value in times of turmoil — from global trade tensions to the threat of a severe economic downturn.

A safe haven shines again

When uncertainty looms, gold has a way of reclaiming the spotlight.

Long seen as the ultimate safe haven, gold isn’t tied to any single country, currency or economy. It can’t be created at will by central banks like fiat money, and in times of economic turmoil or geopolitical uncertainty, investors tend to pile in — driving up its value.

Over the past 12 months, the price of gold has surged more than 35%.

Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, recently highlighted gold’s importance in a resilient portfolio.

“People don't have, typically, an adequate amount of gold in their portfolio,” Dalio told CNBC earlier this year. “When bad times come, gold is a very effective diversifier.”

A gold IRA is one option for building up your retirement fund with an inflation-hedging asset.

Opening a gold IRA with the help of Goldco allows you to invest in gold and other precious metals in physical forms while also providing the significant tax advantages of an IRA.

With a minimum purchase of $10,000, Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver.

If you’re curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today.

The asset that made Trump rich

If gold is the common go-to hedge for moments of chaos, real estate is the long game — and no one knows that better than Trump himself.

Before politics, Trump made his fortune in real estate — and the asset class remains a powerful tool for building and preserving wealth, especially during inflationary times. That’s because property values and rental income tend to rise along with the cost of living.

Unlike some other investments, real estate doesn’t need a roaring stock market to deliver returns. Even during downturns, high-quality properties can generate rental income — offering a dependable stream of passive cash flow.