UBS: Buy gold to prepare for contested election


graphic image simulating a bumper sticker reads "2020 presidential election"“UBS has warned clients that now is the best time to stock up on gold as a “far from certain” presidential election outcome looms for the nation. ‘A contested outcome is still a possibility, which could add to further volatility and result in safe-haven flows,’ UBS chief investment officer of global wealth management Mark Haefele told clients, CNBC reported.”

USAGOLD note:  Reading this article brought to mind the old maxim among veteran gold investors, i.e., “the best time to buy gold is when everything is quiet.”  It has not been exactly “quiet” in the financial markets over the past few weeks, but the volume is definitely turned down  – comparatively speaking.

Repost from 9-30-2020

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