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Trump’s Pick for Budget Chief Liked Gold, Had Dim View of Dollar

  • Mulvaney invested in shares of gold- and silver-mining firms
  • Dollar has strengthened since U.S. presidential election

President-elect Donald Trump’s pick for budget chief, Mick Mulvaney, has been an active investor in gold and gold-mining stocks, often seen as a hedge against collapsing currency.

The South Carolina Republican congressman has accused the Federal Reserve of debasing the value of the greenback and has praised bitcoin, an alternative currency. He held between $50,000 and $100,000 in precious metals as of the end of 2015, filings show.