Peter Schiff: will Biden or Trump win? Outcomes for markets, taxes, inflation
The odds are that former Vice-President Joe Biden will win this year’s presidential election, and the results for the economy will be more stimulus, higher taxes, and rising inflation, said Peter Schiff, senior economist and chief market strategist of Euro Pacific Capital.
“I think the outcome is going to be a Biden win. I also think that it’s more likely than not that the Democrats will take the Senate as well, giving them control of both Houses of Congress and the White House. As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse,” Schiff told Kitco News on the sidelines of the New Orleans Investment Conference.
0:23 - Presidential election outcome
4:00 - Trade war with China
6:23 - Investment implications of election
8:00 - Inflation and stock markets
12:30 - U.S. dollar
14:06 - Gold replacing the dollar
17:20 - Gold price reaction to election
18:40 - Fiscal stimulus
25:50 - Millennials and gold
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Видео Peter Schiff: will Biden or Trump win? Outcomes for markets, taxes, inflation канала Kitco NEWS
“I think the outcome is going to be a Biden win. I also think that it’s more likely than not that the Democrats will take the Senate as well, giving them control of both Houses of Congress and the White House. As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse,” Schiff told Kitco News on the sidelines of the New Orleans Investment Conference.
0:23 - Presidential election outcome
4:00 - Trade war with China
6:23 - Investment implications of election
8:00 - Inflation and stock markets
12:30 - U.S. dollar
14:06 - Gold replacing the dollar
17:20 - Gold price reaction to election
18:40 - Fiscal stimulus
25:50 - Millennials and gold
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Peter Schiff: will Biden or Trump win? Outcomes for markets, taxes, inflation канала Kitco NEWS
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