Recessions Are the Best Time to Buy Gold ‘With Both Hands’: Michael Pento

Commodity Culture, Released on 8/25/23

Founder of Pento Portfolio Strategies Michael Pento believes that the perfect time to buy gold is when interest rates are falling as a result of Fed policy used to counteract a recession. As Michael and many other analysts see a recession up ahead, he argues that we are entering a phase in the economic cycle where gold’s value will outshine many other financial assets.

00:00 Introduction
00:24 Michael Pento Origin Story
02:08 Bond Market is Collapsing
04:40 We Are in a Bear Market
08:15 How Michael Views Markets
11:00 Gold Shines in Recessions
14:10 What About Silver?
15:07 Thoughts on BRICS Currency
17:53 Is the Fed Ignorant or Evil?
20:43 Is There Hope For the Future?

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.

Notify of

Inline Feedbacks
View all comments