The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco's head of the precious metal division. Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion. Some Republican senators are holding out, but Hug said a deal will happen because there is too much pressure from businesses and the states.
Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco's Precious Metals Division, Peter develops newer and better investment options for Kitco customers.