Aug 12, 2021
Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training, and within three years was appointed Head of Investment Strategy for a leading New York Stock Exchange-member firm.
Peter would go on to hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds and a mutual fund that bore his name.
Peter’s abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more.
Peter has spoken at investment conferences around the globe, edited numerous investment newsletters and was one of the more sought-after financial commentators at Money Talks.
In this episode, Peter shares his story about predicting the Wall Street crash of 1987, the stock market rallied to new highs in 2000 and 2008. Peter explains how he became known as the “Wall Street Whiz Kid”. He then speaks about how he earned so much respect and what motivated him to publish a book called “Confessions of a Former Wall Street Whiz Kid.”
Peter comments on the massive sell off for gold, dropping 70$/ounce, and what it takes for the precious metals to breakout again. He believes that it has never been a better time to invest in precious metals and mining stocks are undervalued. However, he believes it will take at least 12 months before precious metals makes its next big move upward.
Peter agrees with Billionaire investor, Ray Dalio, that huge inflation is coming and thinks being bullish in gold, investing over $400 million is a move. Peter believes that the Federal Reserve is trapped when it comes dealing with inflation and debt. There is nothing that the central banks can do to resolve this issue in terms of monetary policy.
Peter then explains what he meant by “we are in the financial bubble to end all bubbles”. He talks about the current bubble compared to previous bubbles in history. Peter then shares that the uranium is the commodity that he is most bullish on this year. Lastly, Peter shares who are his greatest mentors and gives his definition of greatness.
Podcast Host: Ben Mumme
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Connect with Peter (https://twitter.com/PeterGrandich), subscribe to his YouTube Channel (https://www.youtube.com/c/PeterGrandichCompany/videos) and check out his website (https://petergrandich.com/).