Will markets rally or crash? Peter Grandich & David Barse debate stocks, gold, Bitcoin
David Barse, CEO of XOUT Capital, and Peter Grandich, founder of Peter Grandich & Co. join Kitco’s David Lin to discuss the outlook on equities, gold, and Bitcoin.
Barse views equities as the main financial instrument to bet on strong market fundamentals.
“I'm optimistic that the companies are going to continue to find ways to grow, and want to own the common stocks of those companies, that are going to successfully navigate through the future. So, my bull [case] is more, really an optimistic long-term fundamental outlook, and if you have that outlook, you have to be exposed to equities. That is the only asset class to be exposed to, to get that kind of exposure,” Barse said.
Grandich, however, sees risks in the economy and in the overstretched valuations that could cause stocks to correct.
“Certain things, like equities, because of surrounding economic, social, and political reasons, may put pressure on prices where we can see a significant decline. If I’m correct, and I believe we’re heading there, I want to have cash to step up and buy the things that David may be pointing out to because I do think blue chips are going to be better choice than small caps,” Grandich said.
For views on gold and Bitcoin, watch the full interview in the video above.