Should Democrats win, 'seismic shift' could cause markets to crash

By Kitco News / October 12, 2020 / www.kitco.com / Article Link

Oct 14, 2020 Guest(s): Mark Skousen

Former Vice-President Joe Biden is currently leading in the polls, two weeks before the election, and should the Democrats win, major changes will happen to legislation that could seriously hurt investors, according to Mark Skousen, editor-in-chief of Forecasts & Strategies.
"I think you could have a seismic change on November 3rd that will cause investors to sell their stocks dramatically because if you're going to raise the long-term capital gains rate...how many people have tremendous profits in technology stocks and gold stocks, why not take money off the table and sit and wait," Skousen told Kitco News on the sidelines of the New Orleans Investment Conference.
Skousen is the current Presidential Fellow at Chapman University, having formerly taught finance and economics at Columbia University and Columbia Business School. He was an analyst for the CIA and authored more than 25 books on economics.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok