Watch part 2 of this interview:
Peter Grandich, founder of Peter Grandich & Co., discusses what he believes are the asset classes that are critically overvalued right now.
“We’re in some very, very deep troubled times, perhaps the most troubled times for America, ever,” Grandich told David Lin, anchor for Kitco News.
0:00 – Bitcoin
9:22 – The biggest bubble
12:40 – Corporate taxes, capital gains taxes
16:48 – Student debt forgiveness
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33 Comments
Watch part 2 of this interview: https://youtu.be/0A6y6ITm23k
Peter is right on medical and educational costs…
Unrealized capital gains will never pass house….
Close the tax loopholes and angles that allow Billionaires to reduce effective tax rates…
Minimum wage is STILL $7.24 since 2009!! No wonder More Multi Millionaires & Billionaires….should be indexed to inflation…..
If Govt imposes a transaction tax on trading ala England I will still trade.
If govt eliminated LARGE denominated CASH currencies (100 50 20 & 10) less crime, drug and human trafficking + Greater Tax Revenues….
Peter…Economy is fine….The E will catch up to the P…
Don't short this market…definitely not SAVE – Fastest growing Airline 45 new hires a month!!
Housing not done either 18 yr cycle!!
Great Interview, well done.
The only reason people love Bitcoin is because it is exciting to make several hundred percent of nothing – The wake up call awaits so many!
Be not a lender nor a borrower and you will live happily ever after.
Most are slaves to their own greed.
So far, he's somewhat right cause Tesla not accepting bitcoin anymore
" I'm going to pay twice", well, get your money from actual work, not money for no work (stock market).
When you leave STOCKS to your family, he isn't talking about the average american citizen, ugh.He is angry the wealthy have to pay ANYTHING. All governments are corrupt and in bed with the bigger corporations not just the biden, all of them.
"shorting id unamerican" When are we all going to realize shorting among many other tactics is how the 1% took 60% of of wealth from the masses? When will we all wake up and realize the 1% are nothing more than thieves in suits, stop letting the suits blind you to the fact they are corrupt criminals.
oh god!!! do these guys even listen to themselves. bitcoin pumped in 2017 and crashed and I believe the cycle repeated at least 3 times before. bitcoin is going to crash in price but I can not say when. even though it is on a rocky road right now I would be surprised if the overall trend is down… if for only reason… the money printer is going nuts and that money has to go somewhere. look at real estate, lumber, used cars, food… everything is inflating. if you are worried park your money on the side line and wait for the crash in everything and then clean up.
More great content from Kitco, there can never be enough!
You should have guests in with another opinion to have more arguments tested against one another
Its not a bubble. Its called inflation.
Look at your legal tender (1 DOLLAR BILL): IS IT NOW A PYRAMID WITH AN EYE???? Bubble ain't PYRAMID. And we all know how pyramid scams end….
Kitco. You Can Easly Host a Debut between Bitcoin Max vs Gold Max
Kitco has a Great content
He doesn’t understand it. Comparing the past to a world with the internet is just dumb
One of my favorite Kitco guests along with Jim Rogers, Lyn Alden and Doug Casey. Who's your favorites?
tulips for sale….
Education should see the biggest “efficiency improvement “ in teaching due to the technology and internet advancement, but so strangely, the improved efficiency only cause runaway higher tuition?
This guy wants to get you to sell. Meanwhile there's a ton of businesses buying.
Erdogan of Turkey is missing the boat, just get to Binance, put your Crypto into one of their Debit Cards, it can rise or fall in the Debit Card, and get buying your food, furniture or repair work done in most currencies as it works with good old VISA!
Job jobbed as they say!
Great channel, very, very well informed and with precise and clear presentation, a diamond in the YouTube World of mumbling geeks!
Thank you!
The anchor is really competent. it's a joy to watch this guy lead interviews.
The real losers will be the highest bidders in this covid sugar high epic bubble real estate market!
The Democrats are communists wanting to punish free enterprise whereas China encourages free enterprise !
Bitcoin nothing but a scam
Bitcoin is a mathematical calculation, nothing more and nothing less !
Taxes are simple put it ALL on Spending ONLY. remove all other taxes including Stealth taxes like INFLATION ( FIAT currency ) . that way the richer you are the more taxes you pay and it is so simple to implement. The poor pay a proportion tax so it'sfair. This was implemented in Hong Kong 60 years ago and it was what made the place flourish from a fishing village to the metropolis it is now.
College tuition bubble
Noooo
Crash not happening next few years, they printed out too much plus they can as much as they want cause it's a reserve currency soooo cash is trash
I do not see better option to be in than some great decentralized cryptocurrencies
I am already in Cardano ADA not gold not xash not US stocks
But US stocks will be just going up up the next few years and then they'll move into digital dollar/FED coin
Buy a CD instead of an album, music will never be free to download