Gold has shot up over $1,700.00 an ounce on election day 2012. The United States elections will have an effect on the markets. The price of silver rose as well almost 3%. Gold on the other hand was up only about 2% or $30 / ounce.
My personal thoughts are look for gold and silver to go up alot in the next few months. Here is what is on the table financially :
1. The European Union Crisis
2. A broke U.S. Government which means MORE TAXES ( the reason this is a big deal is it will affect large businesses who will sell off to get out of the dollar and into Gold / Silver and precious metals for protection )
3. Black Friday is just around the corner as we approach Thanksgiving 2012
4. The stock market is VERY high considering the state of the economy.
5. The Federal Reserve, led by Ben Bernanke, printed more money with QE3 a month or so ago.
No matter who is elected the United States dollar faces some challenges and silver and gold are looking better and better. Be on the lookout for a rush into the precious metals.
No comments:
Post a Comment