Michael Pento: Credit Freeze, Gold Sell-Off, Then Rally

Liberty and Finance, Released on 4/20/22 (Recorded on 4/19/22)

As the Fed embarks on quantitative tightening, a liquidity crisis is extremely likely to follow, says portfolio manager Michael Pento. He expects investors will rush towards U.S. dollars, dumping other assets, even gold. Later, he sees a fast reversal in the precious metals as stagflation sets in.

1:27 Overvalued assets8:50 Housing market12:27 Retirement17:27 Precious metals19:50 Living standard21:11 A positive outlook28:04 Pento Portfolio Strategies31:18 Liberty And Finance32:05 Miles Franklin

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

gold, housing market, inflation, precious metals

Michael Pento: Credit Freeze, Gold Sell-Off, Then Rally added by Herman James on 04/19/2022View all posts by Herman James ?+'