Loading ...Trump and Gold
This is not a Political Question.
We all have our own opinions of the man.
My Question is :
Is Trump Good for Gold or is Trump Bad for Gold> ?
Ergo is Impeachment Good for Gold or bad for Gold> ?
How will the tides of this Impeachment Enquiry affect the Gold price going forward ?
On another note:
As a somewhat detached observer watching CNN and FOX I am amazed at the 2 completely different spins
being Trumped up…. 24/7.
I am sure we can all agree the US is more divided ideologically than ever. This in and of itself is explosive.
And perhaps good for Gold .
Have at it Guys.
Trump just happens to be the president. Anyone who wants to drain the swamp
Bring work back to American workers who doesn’t go to war quarterly is goin to
Receive the ire of the deep state. It is divided. And will get worse
The situation in USA is good for gold. But trump isn’t the reason
Trump was our last hope to slow down the Swamp and the move to outright socialism – Venezuela, here we come.
Trump is the ONLY guy fighting the establishment and he has precious little support. His own party has stood by and done essentially nothing to provide cover for this guy. He has been hammered relentlessly since taking office. yet here he is, still standing, still optimistic, still fighting the swamp pretty much alone.
It is not so much if Trump is good or bad for gold. The actions of Congress and the Fed and the banksters is what is good or bad for gold. And unless someone can convince me otherwise, gold (and silver) are still being manipulated as all get-out.
The end game will be good for gold. And the bumpy ride there will be good for gold. They can manipulate all they want, but the marketplace always wins. Ask Gorbachev. Ask all those ass-wipes in the former East Germany that shot people trying to get across a wall. The MARKET always eventually wins. And that means gold and silver will triumph.
With $22 trillion added to paper money in the last decade, one has to wonder how long this can go on. Apparently, quite awhile. however, stress is showing up here and there, only to get squashed or covered up or papered over. So the warning signs the end is coming are there. The question is, will we be alive to witness it. Will the government once again resort to gold confiscation?
I doubt it. The next crunch/decline/collapse will most likely usher in a true civil war in the U.S. As in, blood in the streets. There is no way to bridge the gap between opposing ideologies – those who want complete control of our lives, and those who want our freedoms back. It is unavoidable. There is no force capable of bringing the citizens back to a common ground, a common purpose. Too many people have been indoctrinated too many years and too thoroughly. Most Americans now are incapable of logical thought/reasoning. Most are detached from history and think it irrelevant. Most believe in their feelings and not facts. No way to fix that without a revolution.
Fortunately, the freedom lovers/liberty fighters have 99.9% of all the guns and ammo in the U.S. The progressive numbnuts will fare badly, very badly, as they should. And gold will indeed be the king it was designed to be.
My goodness, we need an ignore button…
…the blood in the streets will be avoided.
Fully,
Yes the mantra is VERY different between FOX and others. So different that it’s like we’re not even talking about the same situation. To me, the DEMs and media are SO negative, too negative, that it reeks of desperation. There’s no balance in the left media and that’s not good for America: https://www.zerohedge.com/political/10-reasons-democrats-impeachment-argument-falling-apart
Shouldn’t the question also include the FED? The FED is screwed. “Gold will kill the FED” what will that mean for PMs? Maybe the dollar lives but the FED dies?? or does the FED and the USD die? and the USD is replaced with the gold dollar? I believe Trump won’t mind and he is planning to kill the FED. In the meanwhile he is letting the Dems, media and FED destroy themselves. For me it’s getting old. Just release the Declas, IG report and start throwing the book at corrupt persons.
Gold killing the fed.. that gets me thinking. Isn’t gold a no win, no lose situtation. It’s just what it is, gold.
Look, if the fed prints money, gold increases in value.. if the fed contracts money, gold loses value. Like the website pricedingold.com a fancy suit cost ya 1 oz in Roman times.. and same today.
To actually increase your “inflation adjusted” nav, is to speculate the direction of gold, and leverage, to control a position size larger than your nav.
If you buy physical GOLD, you are just storing the value of the currency you exchanges for it, indirectly, the effort you put in work to get renumerated for it.
Thats great, but you need to speculate to change your lifestyle, not just maintain it.
So does it matter if Trump is good for gold or not? I guess it depends how you play it.
more profoundly the FED system is dying, thus the recent cash injections…like blood infusions to keep a patient alive. Gold isn’t going anywhere and at some point it will back a new system.
Otherwise known Triffin’s Dilemma…
Nice, did not know about Triffin. Wouldnt a gold standard stiffle growth? To the extent of the #oz we get out of the ground each year (that would be our inflation). We would be forced to consume less… or reduce our population… both scary propositions depending which group youbare in…We would be forced to stop this need for exponential growth, essentially a gold standard IS the solution for the planet as a whole.
I do watch both networks and while CNN is pretty one sided, Fox has Shep Smith and Napolitano that I think are more middle of the road.
There is a lot you could say about Trump one way or another, but this is maybe the most glaring issue…
Trump promised to get rid of the deficit in 8 years. But it just topped $1 trillion for the first time since 2012.
March 2016, Trump declared at a debate that he could cut trillions of dollars in spending by eliminating “waste, fraud, and abuse.” Asked for a specific example, he said, “We’re cutting Common Core.”
Mr. Trump and Congress will have added an estimated $4 trillion to the national debt in the president’s four years in office.
So I have to ask, how is this draining anything?
I just can’t figure out how anyone thinks Trump is any different than any other politician? Is it the hair?
Is Trump Good for Gold or is Trump Bad for Gold ?
From inauguration until June of the this year gold was neutral (ranged between 1175 and 1350). I would think his unpredictability would be good for gold, but I just can’t tell. Gold is going up because the market sees rate cuts and QE (I believe).
Ergo is Impeachment Good for Gold or bad for Gold ?
I would assume that it would GREAT for gold — but this week has shown differently. Macro economics march to their own drummer. So for now, the jury is out.
Anyone that thinks that trump is the last hope for draining the swamp is not paying attention, it seems to me. venezuala is not a socialist experiment, it is a populist movement centered around a strong central figure (Hugo Chavez). Maduro is more like a dictator.
“Fortunately, the freedom lovers/liberty fighters have 99.9% of all the guns and ammo in the U.S. The progressive numbnuts will fare badly, very badly, as they should. ” — what a friggin’ insane comment. Just because you are supportive of an insane, corrupt, pathological liar, narcissistic megalomaniac, does that give you the right to shoot all of the rest of us?
Guys
…..I understand this is an emotional topic amidst the impeachment proceedings… however ..All I am asking
IF Trump loses the election in 2020 is that Good for Gold or bad for Gold ?
Well…….why didn’t you ask that in the first place!!! LOL!!!
I think the course we’re on is already in-motion and no matter who wins Gold is going to crush the FED dollar. the FED system is dying. If Trump wins he’ll let the FED die. A gold-backed system will replace the FED system. X22 Report (very pro-Trump) just posted on this exact topic today: https://www.youtube.com/watch?v=Vo25hJUb4a8
All FIAT backed systems eventually die…like a fire it is self consuming…MMT seeks unsustainable growth that collapses upon itself… hence negative yields…what eventually will occur is a RESET…
It’s not Trump that makes the cycle (and history) it’s the cycle( and history) that makes Trump (or any other person)
It’s like in the financial markets,when a cycle ends another cycle takes his place and it’s completely different from the previous one.
I think we are witnessing the end of the longest period of peace and prosperity in the western hemisphere that began at the end of the second world war.
Nobody knows what will happen but something BIG will happen,let’s hope that our gold investments will help all of us to thrive in these difficult times.
Very interesting comments Mamare, could you elaborate some more?
Some have said that the Reagan “cycle” changed the entire economy by allowing corporations to become the ruling party?
Many have been bringing up the topic of world wide debt and the influence and control of the banking system.
I mean it is not Reagan(or Trump or any other)that created the cycle but it was the history (the cycle) that needed a Reagan.
Trump would never have been elected in the past 30 years because the previous cycle was still in full swing,now things are changing all over the world,it’s not anymore 1989 when the Berlin wall did fall and globalism began its run.
Now we are entering in another cycle financially,politically and socially with two superpowers like China and Russia,it will be a multi-polar world,but I doubt that the ones that ruled for the last 30 years will surrender to this new situation easily.
Not to say that we have the biggest DEBT EVER appeared on this planet all over the western world,westerners have never be so rich but also so stupid and weak,will this situation last forever? I doubt it.
A new cycle is born and it will last decades.
the times makes the news and people, not the other way around as we’re taught. in Elliot wave parlance the cyclical social mood makes the news and trends: https://www.elliottwave.com/Social-Mood/Historys-Hidden-Engine
Exactly,yet human arrogance makes us convinced that we are the ones that decide everything when many times we are just in the right place at the right time.
Like Gravity…basic Economic Principles can not be denied…
Trump/Impeachment etc probably has little or no direct effect to Gold.
Trump is irrelevant. The final chapter of the Bretton Woods will be played out and the US hijacking (in partnership with the CB’s) of the reserve currency status will end badly but maybe we need a blowoff top in the $US first before the unraveling?
Know your history know your fate IMO
What is the difference between the debt created to passify the baby boomers quest for the American dream and the socialist handouts the millennials are demanding in a society where everyone is a winner and everything is free? This existing debt was created by baby boomers folks and don’t forget it sold out future generations and now baby boomers want to point fingers. Give me a break……This house of cards can’t come down soon enough IMO…..GLTA
Long Au & Pb fwiw lol ?
Nice comments. Couldn’t agree more!
Expanding this discussion… Is Justin Trudeau good for gold? Does Trudeau have any thoughts different than his predecessor? What is England and Canada start buying again?
And.. why do the states have the same reserves gold? Why havent they sold all of it like Canada or England? Or.. why dont they buy like russia or china? Some game theory I would love to figure out before its too late!
There has never been an audit of the Gold in Fort Knox for like 50 years.
Some say its NOT there !
Very good questions Patrick
Very Good Question Patrick
My theory is that if Gold backs the new monetary system Canada will nationalize all Gold Miners registered in our country and we will have a LOT of Gold…Deep Storage Gold
🙂
PS 95% of Gold Mining Companies are registered in Canada
Thats cheating…
So maybe canadian dollars will be the next reserve currency? Now that is contrarian thinking…
I am in the camp that it make no difference to gold whoever wins in 2020. IMO, gold is more depend of the dollar maintaining it’s reserve currency status. The petro dollar status is being challenged on multiple fronts. So in order to maintain a strong dollar oil and gas production in the US has been ramped upon the face of producing oil and gas at a loss. What this does is because there are no profits dollars are consumed and this is how a dollar shortage is being artificially created. Gold is wise to this scheme and IMO is why gold is rising along with dollar. https://m.youtube.com/watch?v=xAF6_9_WS8g