Once Fed ‘goes to war’ against inflation, stocks will get ‘annihilated’, crash 50% - Michael Gentile

Watch part 2 of the full interview:    • Gold stocks have highest cash flow ev...   Michael's earlier appearance on Kitco:    • U.S. at risk of insolvency from highe...   The U.S. Federal Reserve is "trapped", says Michael Gentile, strategic investor. Gentile told David Lin, anchor for Kitco News, that two scenarios could play out: either the Fed raises rates by 25 basis points next year to regain confidence in the markets, or they let inflation run hot and do nothing. Neither of these scenarios will be enough to contain inflation. In order to really "go to war" against inflation, the Fed will need to raise rates to at least 3%, which would cause stocks to crash by the order of 50%. Even a 25 basis point raise would trigger a 10-20% correction, Gentile said. Follow David Lin on Twitter @davidlin_TV: (twitter.com/davidlin_TV) 0:00 - Gold vs stocks 3:30 - Interest rates and debt 8:55 - 2 scenarios for the Fed 14:01 - How high can gold go? 17:00 - Inflation 21:33 - 50% market correction 25:21 - Summary __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit www.kitco.com/ Follow us on social media: Facebook - www.facebook.com/KitcoNews/?ref=br_rs Twitter - twitter.com/kitconewsnow StockTwits - stocktwits.com/kitconews Live gold price and charts: www.kitco.com/gold-price-today-usa/ Live silver price and charts: www.kitco.com/silver-price-today-usa/ Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscription/newsletter.html Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

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