Wednesday, October 23, 2024
HomeInvestor Paul Tudor Jones buys gold, Bitcoin pre-election due to rising inflation.

Investor Paul Tudor Jones buys gold, Bitcoin pre-election due to rising inflation.

"The playbook to get out of this is that you inflate your way out," Jones said about America's ballooning national debt.

  • Paul Tudor Jones predicts inflation will rise regardless of whether Trump or Harris wins the presidency.
  • The investor is investing in bitcoin, gold, and commodities as protection against inflation.
  • He warns the US may need to inflate its way out of debt if neither candidate addresses large deficits.

Paul Tudor Jones is investing in gold, bitcoin, and commodities to protect against inflation. He believes neither presidential candidate has a solid plan to handle US debt. In an interview with CNBC, he expressed concerns that inflation risks will grow after the election, as both candidates propose tax cuts and spending plans overlooking the deficit issue. Jones stated, “All roads lead to inflation,” and highlighted his focus on inflation-proof investments. He criticized both Trump and Harris for not taking the country’s increasing debt seriously enough and warned that if not tackled, inflation could be the only solution. He emphasized the need for adjustments in policy to deal with the rising debt-to-GDP ratio, predicting unrest in the bond market if the new president does not act decisively.

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