Gold will be a winner no matter who clinches the U.S. election, investor says

Gold will be a winner no matter who clinches the U.S. election, investor says

watch now

Gold and gold miners are set to benefit no matter who wins the U.S. election this week, one investor told CNBC.

That’s because the United States will likely to adopt a sizeable fiscal stimulus program no matter which candidate wins the presidency, James Rasteh, CIO of Coast Capital, told CNBC’s “ Squawk Box Asia ” on Tuesday.

“We would be printing trillions of dollars more and all of that ultimately has extraordinarily positive repercussions for gold,” he said.“The fiscal and monetary policies would be almost identical under either leadership. I think that the differences that are being delineated are really more imaginative than real,” Rasteh added.We are discovering a lot less gold than we are producing. We will be producing 50% less gold than we do today.James RastehCIO of Coast CapitalFiscal stimulus — or policies such as government spending or tax reduction aimed at boosting economic activity — typically leads […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet