Presidential Election Dumpster Fire Getting Gold Bugs Very Excited

"[Trump’s] rhetoric and possibly policy actions could create domestic and international uncertainty at best, and upheaval at worst."
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By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

via Wikimedia Commons

It doesn’t matter whether Donald Trump or Hillary Clinton take it in November. Either way, Paul Singer’s solid-gold fallout shelter is going to be worth a mint. If it’s the former, though, the economic apocalypse even the Great Man and his supporters see coming is going to have us all fighting in the streets to get our hands on the only thing that will still hold any value.

ABN Amro believes that gold prices could surge by over 40% to $1,850 a troy ounce under a President Trump….

“[Trump’s] rhetoric and possibly policy actions could create domestic and international uncertainty at best, and upheaval at worst,” said Georgette Boele, a strategist at ABN Amro.

Gold prices would likely also rise if it was Hillary Clinton moving into the White House, but it would be a more “moderate” gain of just over 25% to $1,650 an ounce.

If Trump Takes White House, Investors May Turn to Gold –Analyst [WSJ]

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