In a historic upset victory last night, Republican Presidential Candidate and billionaire businessman Donald Trump became President-Elect Donald Trump. To say this win for the Presidency came as a surprise would be an understatement.
Going into yesterday’s election, polls had Mrs. Clinton ahead by several percentage points. Things changed quickly, however, once the votes started trickling in.
Watching the election unfold in real time, investors sought to sell, and sell in a big way. The Dow Jones futures contract was at one point down by 800 points, while the S&P 500 declined by over 100 points. Crude oil got hit, as well as the dollar index.
Gold and silver, on the other hand, saw significant buying interest. Gold at one point was higher by over $60 per ounce. This was the largest gain for the yellow metal since the historic Brexit vote back in June.
While things appear to have calmed down significantly in early trade on Wednesday morning, gold and silver are both maintaining some solid gains.
This is a prime example of why gold should be included in your overall portfolio and investment strategy.
Whether you are a Donald Trump supporter or not, a Trump Presidency brings with it a lot of unknowns, and those unknowns bring with them uncertainty. Investors don’t particularly like uncertainty.
His Presidency could potentially have a dramatic effect on the U.S. economy and geopolitical stance. This could potentially have a significant impact on not only U.S. but global financial markets. Stocks could rise, but could also tank. Interest rates could remain low, or could begin to rise quickly. The dollar could appreciate further, or could begin to make an extended move lower.
The fact is that no one knows exactly what might happen.
Times like this, now more than ever, go to show that it is imperative to try to have some asset classes that may bring further stability to your holdings. With all of the unknowns currently facing global financial markets, we can’t think of a better asset class to turn to than physical precious metals.
Gold and silver are sharply higher this morning for a reason. You can use this knowledge (or observation if you prefer to call it that) to your potential advantage, or you can simply go on doing what you have always done.
The choice is yours…
Physical precious metals like gold and silver have been regarded as a reliable store of wealth and value for thousands of years- a reputation that holds true to this day.
If you don’t already have an allocation in these key metals, now may be the ideal time to get started. If you already own gold and silver, now may be the ideal time to acquire more.
We can show you how. Speak with an Advantage Gold account executive today about the potential benefits of physical gold and silver ownership. Our precious metals professionals are here to answer your questions and show you the easiest way to begin building a physical precious metals portfolio. We can even show you how the buy physical precious metals using your IRA account.
The uncertainty of the economic and geopolitical future may not be avoidable, but you can begin taking steps right now to help secure your financial future. All it takes is picking up the phone. Call us today at 1-800-341-8584 to get started.Tags: advantage gold, election, gold, stock market collapse, trump, uncertainty