Gold Will Be the Real Election Winner
The Republican and Democratic candidates for president may be the most flawed in U.S. history. And yet one of these two men—God help us—will be sworn in this January.
If you’re like me, you’re not betting on either one. Government spending is already out of control. Replacing Trump, the self-proclaimed “King of Debt,” with Biden, a 47-year career politician, is unlikely to improve matters.
Whoever wins, we lose.
That’s why I’m putting my money on gold. Other investors appear to have done the same. The yellow metal is up 26% for the year, almost three times higher than the S&P 500.
I see only additional upside potential. The gold price has been trading sideways for weeks now, but I expect this to change as more government stimulus is rolled out and even more money is printed.
So how can you play the rally?
That’s the day following the election, and it’s entirely possible we may not even have the election results at that time. But no matter—Frank and I both believe the real victor will be gold.
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