Everyone Buying Lots Of Gold, You Know, Just In Case…

Everything is f@cked! Buy Gold!
By Michael Vadon [CC BY-SA 2.0], via Wikimedia Commons

By Michael Vadon [CC BY-SA 2.0], via Wikimedia Commons

Betting markets say that Hillary Clinton’s about a three-to-one shot to smile condescendingly at Chief Justice John Roberts on Jan. 20, 2017, whispering, “I’m going to make your life miserable,” in his ear after he administers her the oath of office as president.

Nate Silver agrees, and his imitators at The New York Times think it’s an even surer bet: 87% as of this morning.

Luckily for the gold bugs, it doesn’t really matter. Sure, if Donald Trump wins, their caches of gold, strategically buried around the country, will make them both rich and a new warlord class, imposing their will in the aftermath of the Trumpian nuclear Apocalypse. But even an illegitimate win for Hillary Clinton in a rigged election should be good news for them, so that’s cool, too. Certainly, they’ve been preparing for either outcome.

Global investment demand was up 141% from the same quarter the year before, the report said. Combined with figures from the first quarter of 2016, this led investment demand to its strongest first-half-of-the-year performance on record, the report added.

Gold-backed exchange-traded funds proved especially popular in the second quarter, while U.S. bar and coin demand was up 101% compared with the same period last year.

Gold Demand Rose 15% in the Second Quarter [WSJ]