All the presidential candidates on both the Democratic and Republican sides still have a lot of hoops to jump through before one of them gets to walk into the White House, kick back and ask, “Okay, what next?”
Nonetheless, we still get to ask a “what’s next?” question about gold prices when our next president, whoever that may be, takes office. Today, we’d like to look at only two candidates – Hillary Clinton and Bernie Sanders. What could happen to gold trading prices if Hillary or Bernie wins?
There seems to be a clear answer . . .
Gold prices will rise more, and possibly fairly quickly, if Bernie wins.
Why do we say that? Here’s the simple reason . . .
In times of economic uncertainly, people turn to gold as an investment, and demand causes prices to rise.
Why Electing Bernie Would Cause More Uncertainty
It all boils down to the fact that in his speeches, candidate Sanders has repeatedly attacked Wall Street – in fact, he has done so every time he has jumped out of his bus to deliver his stump speech. And then there are other reasons, including his insistence that America’s most wealthy people should pay more taxes and many middle-class Americans should too. He’s talking about other plans (like offering free tuition to public colleges and broadening Obamacare) that could, if implemented, be hard to fund. Plus, his self-definition as a “democratic socialist” is not making bankers or investment execs feel too warm and fuzzy about him.
Granted, candidate Clinton is kind of trying to have it both ways. She talks about Wall Street’s abuses, but is tons friendlier with Wall Street and tons of wealthy people than Bernie ever has been. Please note that we are not taking sides here, either for or against either candidate. Plus, we need to point out that even if Clinton or Sanders won the White House, there are few guarantees that even half of what they would like to do will ever come to pass.
We’re just reading tea leaves here and asking “what if” questions about the future. But we think you will agree that those tea leaves are taking some interesting shapes at the bottom of our cup – shapes we haven’t seen in a while.
How Can You Prepare for Possible Price Changes?
We would urge you to call us about opening a Specialty Metals Gold Pool Account, a special account that lets you specify the price at which you would like us to liquidate your recyclable and other gold. When prices reach the point you specify, we liquidate them and issue you immediate payment. You are invited to call us at 800-526-2344 to learn more.