Michael Pento: Election Chaos Means Market Chaos; Fed Policies Rocket Fuel for Gold and Silver

Pento says his portfolio is now weighted with 20% Gold and Silver. He predicts Fed policies that are coming soon on inflation, and interest rate suppression "will be rocket fuel for gold and silver. . . .And gold and silver are just getting started. . . . If Bitcoin is $10,000 per unit, why can't gold be $5,000, $10,000 or $15,000 per ounce? With the amount of dollars out there, it could easily be $5,000 or $8,000 per ounce, and that is where it is headed."

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.