Buffet thinks Biden will win. This is the only reason I can see for this play and what does it say about his expectations for a Biden presidency?
Yes. But he’s mistaken......................
I honestly don’t think it matters who wins. Trump isn’t God, and our situation is way past a human solution.
> Buffet thinks Biden will win. <
Interesting take!
If Biden wins, the government printing presses will run day and night. “Hey Chicago, you need a bailout? Well, sure. Coming right up.”
That would cause massive inflation. And then you’d want to be in gold.
(Does that scenario of mine make sense?)
Right, the escalating $27 trillion national debt has nothing to do with it.
The national debt was just $20 trillion when Trump took ofice 4 years ago. $7 trillion in 4 years. Of course the national debt was only $5 trillion when baby Bush took office in 2000. So from $5 trillion to $27 trillion in 20 years.
Gee, that can’t be the reason for buying gold, I’m sure (said with sarcasm).
And the deficit is accelerating. If Nancy keeps the House and if Covid goes another year, the debt will be $40 trillion before 2030.
But yeah, why would anybody invest in gold? Sheesh.
I think he knows that Trump will win and the Democrats will say he cheated and burn down all the cities. Trump will have to implement martial law and station troops in the cities.
“Buffet thinks Biden will win. This is the only reason I can see for this play and what does “it say about his expectations for a Biden presidency?
Or he thinks Trump will win and that will signal years of riots etc and/or the trillions spent on stimulus have made gold stocks a good hedge (and a safe one).