It’s official, Donald Trump is heading for the White House.
Many Americans hoped and prayed he would win and the political / media / financial elite did all they could to stop him.
The system was beaten. The system was broken.
All the while, bars of gold bullion sat silently in vaults across the country.
The bullion bars had seen it all before.
Gold is a watcher of events. It is a measure of fear.
Presidents, wars and financial crises come and go but wealth held in physical gold remains.
Retirees who hold a percentage of their wealth in physical gold sleep much better in uncertain times.
Donald Trump – The Gold Standard?
The value of gold may rise in the short term as the world digests the impact of a Trump presidency.
In fact, the gold price may rise quite a bit more depending on his yet to be confirmed economic policy.
This article in Forbes provides an insight to his views on gold:
“Donald Trump, the presumptive GOP presidential nominee, is on record as strongly appreciating the gold standard.”
Gold is seen as a ‘safe haven’ for wealth.
For those who understand it well – it is the only true global currency.
This may be the case for the President Elect.
This could be good for gold owning retirees. Only time will tell.
To understand the advantages of owning physical gold in your retirement – click here order your free gold investment guide today.
Gold Does not Care who is the President
Gold is not fussy who is president.
Gold will never be partisan. The precious metal simply provides people with a store of wealth.
A store of wealth recognised by governments and banks the world over.
Once you have a portion of your retirement wealth held in physical gold, the politicians and financiers will have less of a hold over you.
You will be in control.
No matter what President Trump decides to do in the future, through ownership of gold, you have control of your retirement.
Remember, the gold price will rise and fall according to the political climate but presidents come and go whilst gold endures.
Let’s have a look at the gold price reaction on election night.
On November 8, 2016 – gold initially rose in price on the news of a Trump win, however, some of the gains were given back as the “Trump Premium” for the gold price was scaled back by the markets.
- Business Insider – Gold Price Presidential Election 2016
- MarketWatch – How Donald Trump Could Spark a Huge Gold Rally
- CNBC – Gold Price Loses Some of its Glitter as Trump Premium Fades
- MarketWatch – Gold Rallies Most Since Brexit
Don’t forget, this is just one day’s reaction, the purpose of holding gold bullion is to store your wealth in an asset that will outlive all presidents.
In these changing times, we wish you successful investing.