Jan van Eck
speaker
382 appearances
1 recordings
1 series
first heard May 2026
last heard 27 May
Jan van Eck’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
And just to contextualize that, the U.S.
budget deficit sort of peaked at 6.5% two years ago.
And because of Trump's tariff revenue had been declining, and I'd predicted sort of a lower 5% budget deficit this year, which is still very high.
It should be no more than 3%.
But it was headed the right way.
If the U.S.
is spending half a trillion dollars on this Iran war, that would suddenly catapult us to, again, 6.5% or 6.9%, my math, budget deficit.
And I just can't see markets not worrying about that.
A hundred percent.
I don't think and I haven't actually and I look forward to talking with my clients and others about what would happen if there really was a loss of confidence in the U.S.
government's
ability to meet its obligations.
And I don't know if there'd be anywhere to hide.
Wilfred, I say that, well, gold is a good medium or long-term hedge.
But I think if everyone were running away from the financial markets, probably gold would sell off as well.
So I don't see how semis would be immune from that.
To a certain extent, you could say, well,
You know, the tech sector isn't that debt dependent, and so there shouldn't be the direct link.
But, you know, I think when everyone's running for the exits, I don't think anyone would be able to run in the other direction.
august institutions like the bank of england sorry i can't avoid this uh sold gold at about 250 an ounce by the way um late 1990s thanks gordon brown yeah thank you know there's just this uh era that um you know gold was not an important part of people's portfolios anyway so that started to get re-established but also the companies themselves had too much debt
Showing 181–200 of 382 · page 10 of 20
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