November 4th Gold & Silver Price Predictions
IF BIDEN WINS
Gold and Silver will both move higher as conservatives worries about loss of privacy and increased government control is realized (guns, gold, cash, taxes, regulation, health care, BLM, AOC, etc.). After both Obama elections in 2008 and 2012, and the prospective Hillary victory in 2016, premiums on all forms of precious metals moved higher, with 90% pre-1965 ‘junk’ silver rising 40% overnight. Don’t forget money printing which will resume with a vengeance.
IF TRUMP WINS
Gold and Silver could sell off as a result of the perceived continuance of the conservative agenda. However, more “free” money is the peoples’ desired solution of all things unfortunate. With the precedent set earlier this year for a trillion here, and a trillion there, we have more trillions in our future. Gold and Silver will rise on the back of a dollar that continues to go down the toilet.
Action to Take
Irrespective of what you think will happen, or what actually happens, you should have your desired core position in place. That is the most important consideration. In my opinion, precious metals’ first role is insurance against any and all things negative. It’s second role is as wealth preservation. It’s third role is as appreciation. In that order. Period.
I strongly recommend E.B. Tucker’s book “Why Gold, Why Now” available on Amazon here.
Gold: 1 oz Swiss Gold Bars
Silver: 90% Pre-1965 Junk Silver or 1 Oz Silver Canadian Maple Leaf coins
“The desire of gold is not for gold. It is for the means of freedom and benefit.” Ralph Waldo Emerson
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