(Zero Hedge)—On one side, Elon Musk and RFK Jr. are pushing for Howard Lutnick, with Musk praising the Cantor FItzgerald CEO as a disruptor compared to Key Square Group (and George Soros protégé) Scott Bessent – the latter of whom met with Trump on Friday, and has the backing of many including noted investor Kyle Bass.
“Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” said Bass in a Wednesday post on X. “Scott understands markets, economics, people, and geopolitics better than anyone I’ve ever interacted with. Markets have already anticipated a Bessent choice. Lutnick is not Trump’s answer.”
In response, RFK Jr. suggested that Lutnick – who is currently working as co-chair of Trump’s transition team, would be a strong advocate for Bitcoin – which he described as “a hedge against inflation for middle class Americans,a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt.”
Bitcoin is the currency of freedom , a hedge against inflation for middle class Americans,a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt. Bitcoin will have no stronger advocate than Howard Lutnik.
— Robert F. Kennedy Jr (@RobertKennedyJr) November 16, 2024
Musk suggested more people weigh in on the decision, but said he views Bessent as “a business-as-usual choice,” while Lutnick “will actually enact change.”
Would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback.
My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.
Business-as-usual is driving America bankrupt, so we need change… https://t.co/igGLZOJ8wz
— Elon Musk (@elonmusk) November 16, 2024
According to Bloomberg, the choice is ‘creating tension and increasing the chance that another candidate rises up,’ citing anonymous people familiar with the decision making.
Trump himself has appeared frustrated with the infighting and staff are looking for alternatives, with Robert Lighthizer, Senator William Hagerty and Apollo Global Management Inc. Chief Executive Officer Marc Rowan among the names in the mix.
Lutnick was a key support to Trump’s fundraising in the final months of the campaign and he has helped lead the team’s transition to the presidency. Because of that, some key advisers are looking at what else Lutnick might take — if not Treasury — such as a plum ambassadorship, according to people familiar with the decision. –Bloomberg
That said, Lutnick previously donated to both Hillary Clinton in 2015 and Kamala Harris’ Senate campaign in 2016, among others.
Ultimately, the choice is up to Trump – who hasn’t shared his opinion in public.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
