Gold advocate Peter Schiff: Be cautious of the "economic prosperity triggered by Trump", there may be hidden economic risks and unfulfilled promises in the future
According to News.bitcoin, economist and gold advocate Peter Schiff harshly criticized Trump's economic policies this week on social media platform X, highlighting the risks he sees in current financial practices and some unfulfilled promises. Schiff believes that the optimistic sentiment about "Trump-induced economic prosperity" is mistaken, pointing out that potential economic vulnerabilities could undermine this positive outlook. He said tax cuts are likely to continue, but corresponding spending cuts almost certainly will not.
Schiff further warned that unchecked deficits could prompt the Federal Reserve to re-implement quantitative easing policies, leading to increased inflation. For those concerned about inflationary pressures, Schiff suggests "Trump's best deal now would be buying into gold and gold mining stocks when they fall," considering gold as a stable asset during uncertain economic times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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