{"id":1491078,"date":"2024-09-20T13:20:00","date_gmt":"2024-09-20T17:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1491078"},"modified":"2024-09-20T13:20:00","modified_gmt":"2024-09-20T17:20:00","slug":"hedge-fund-billionaire-sell-stocks-buy-gold-if-kamala-wins","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/hedge-fund-billionaire-sell-stocks-buy-gold-if-kamala-wins\/1491078\/","title":{"rendered":"Hedge Fund Billionaire: Sell Stocks, Buy Gold If Kamala Wins"},"content":{"rendered":"

Hedge Fund Billionaire: Sell Stocks, Buy Gold If Kamala Wins<\/span><\/p>\n

\n

Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election…<\/strong><\/em><\/p>\n

<\/a><\/p>\n

As Mike Maharrey writes at MoneyMetals.com,<\/a> the Paulson and Co. founder and CEO has been called \u201cone of the most prominent names in high finance<\/em>.\u201d He\u2019s best known for making billions by betting against the subprime mortgage lending market in 2007.<\/p>\n

Paulson appeared on Fox Business\u2019s\u00a0Claman Countdown<\/em>\u00a0and told Liz Claman that he would be \u201cvery concerned\u201d if Harris wins the White House and pursues the tax plans and economic policies she\u2019s outlined.<\/strong><\/p>\n

Harris has floated several economic policies on the campaign trail, including raising the corporate tax rate from 21 to 28 percent, taxing unrealized capital gains, and banning grocery \u201cprice gouging<\/a>.\u201d<\/p>\n

\u201cI think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.”<\/strong><\/em><\/p>\n

Paulson said the proposed tax on unrealized capital gains on individuals making $100 million or more was particularly troubling and \u201cwould cause mass selling of almost everything \u2013 stocks, bonds, homes, art \u2013 I think it would result in a crash in the markets and an immediate, pretty quick recession.<\/em>“<\/p>\n

When Claman pressed him, Paulson reiterated that he would pull money from the liquid assets from the market and go heavy into gold.<\/p>\n

“I think if Harris was elected, I would pull my money from the market. I’d go into cash, and I’d go into gold.”<\/strong><\/em><\/p>\n

Paulson is a prominent fundraiser for the Trump campaign, and there is speculation that would be a candidate for Secretary of the Treasury in a Trump administration.<\/p>\n

Watch the full interview here<\/a>…<\/p>\n

Watch the latest video at foxbusiness.com<\/a><\/p>\n

* * *<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 09\/20\/2024 – 09:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/hedge-fund-billionaire-sell-stocks-buy-gold-if-kamala-wins<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Hedge Fund Billionaire: Sell Stocks, Buy Gold If Kamala Wins Hedge fund billionaire John Paulson said he would pull his money out of the stock…<\/p>\n","protected":false},"author":0,"featured_media":1491079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1491078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1491078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1491078"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1491078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1491079"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1491078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1491078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1491078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}