Hedge Fund Billionaire: Sell Stocks, Buy Gold If Kamala Wins

Article originally appeared on www.zerohedge.com.


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…

As Mike Maharrey writes at MoneyMetals.com, the Paulson and Co. founder and CEO has been called “one of the most prominent names in high finance.” He’s best known for making billions by betting against the subprime mortgage lending market in 2007.

Paulson appeared on Fox Business’s Claman Countdown and told Liz Claman that he would be “very concerned” if Harris wins the White House and pursues the tax plans and economic policies she’s outlined.

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 “price gouging.”

“I think the uncertainty regarding the plans they outlined …

View full article

Previous post ZeroHedge
Next post 158 Democrats Voted Against Deporting ‘Non-Citizens’ Who Commit Violence Against Women