Trump or Clinton, Gold goes higher

Jordan Eliseo

The Perth Mint

The last minute re-opening of investigations by the FBI into the affairs of Hillary Clinton as regards her private email servers was unquestionably the key event that has swung the polls and driven gold’s turnaround in recent days. Yet both candidates support policies that would drive higher gold prices through inflation. Trump via the potential tariffs he wants to impose on a range of imported goods; Clinton via the cost of additional regulation and compliance, expansion of the welfare state, and possibly warfare state, plus her desire to tinker with Obamacare. And as per the chart below, forward inflation expectations are already soaring, and inflation is nearly always supportive of stronger gold prices. (VIEW LINK)

Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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