Gold stands to gain amid U.S. election unease, Sprott CEO says

Bloomberg/Yvonne Yue Li

graphic image simulating a bumper sticker reads "2020 presidential election"“Bullion, which reached a record high last month, has stumbled in recent weeks, hampered by signs of stabilizing economies and a surge in equities. The election may renew investor focus on inflation, government debt and the need for stimulus, [Sprott’s Peter] Grosskopf said. Gold could get an added lift from a win by Democratic presidential candidate Joe Biden, who is seen as likely to raise taxes and increase spending, he said.”

USAGOLD note: And then you have the possibility of turmoil if the election outcome goes into some form of suspended animation because the losing party refuses to gracefully concede.


Repost from 9-11-2020

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