South Bay Gold Dealer: Trump vs Clinton Post-Election GOLD Prediction!
How will the markets re-act to the enivitability of what a Trump or Clinton presidential victory will bring? Well, today on November 7th, we saw gold drop by $23/oz after FBI director James Comey cleared Hillary's email scandal of possibly indictment.
So clearly the markets are feeling a bit relieved by the increasing possibility of a Clinton win. It's no secret that Hillary has gotten many contributions from the likes of Saudi Arabia, Qatar and other foreign nations. So will they dump their US bonds and assetts if Trump wins? This could send the dollar plummeting and GOLD soaring.
Here at Luxe we are predicting Post-Election Gold Price to be $1390/oz if Trump wins and $1225/oz if Clinton wins. The reason being that Gold would shoot up quite a bit if he wins (because the dollar would be in a free-fall due to uncertainty of what he plans to do with foreign entities), whereas "business as usual" sentiment would drive down paranoia with large foreign international banks and governments and would bring the dollar up and gold trading down, but not so dramatically. As of the writing of this story, gold is trading at $1281.40 per troy ounce.
Luxe Cash for Gold and Diamond Buyers is your go to Gold Dealer and Diamond Buyer in these uncertain times. We serve the entire South Bay including Torrance, Palos Verdes, Gardena, Long Beach as well as the Beach Cities, Redondo Beach, Manhattan Beach and Hermosa Beach.
May the best man or woman win, hopefully our fractured and divided government and society can heal from such a devisive election, and shock to the financial and commodities markets will not be too dramatic!