Home› Precious Metals

How will the election effect precious metals?

GRANDAMGRANDAM Posts: 8,505 ✭✭✭✭✭
in Precious Metals
If Obama wins of if Romney wins?

I am thinking about picking up some more silver and would appreciate everyone's opinion.

Thanks, GrandAmimage
GrandAm :)

Comments

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    doesn't matter, the damage has been and continues to be done by other parties. A new FED chairman and a new Sec. of Treasury could start mending the fiscal crisis but don't count on it since the TBTF banks will continue to be well represented.

    John Rubino: "Unless continuously fed with new credit, the global financial system will implode. And when confronted with this possibility, governments will always respond with new credit."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    What he said.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    I don't think it would matter one way or another for long term stack plans. Just varrying levels of buying opportunities. DC doesn't want stronger metals pre or post election though is my bet...hurts both ways.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I just can't make myself like that Romney dude! My answer I gone kept stacking amapimage
    Avid collector of GSA's.
  • stevebensteveben Posts: 4,611 ✭✭✭✭✭


    << <i>If Obama wins of if Romney wins?

    >>



    it won't matter which of them wins. it's the fed.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    If Obama wins, then Gun sales that have already shot through the roof, will then go "To The Moon" and Ammunition sales will double if not triple.... just saying





    10 year Ruger Chart
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>If Obama wins, then Gun sales that have already shot through the roof, will then go "To The Moon" and Ammunition sales will double if not triple.... just saying

    10 year Ruger Chart >>



    I put Ruger on my watch list at the end of 2011 (Oct/Nov) as I was looking at picking one up. Should have bought it...everyone should have. And I got a Beretta instead.
  • GRANDAMGRANDAM Posts: 8,505 ✭✭✭✭✭


    << <i>

    << <i>If Obama wins of if Romney wins?

    >>



    it won't matter which of them wins. it's the fed. >>



    ---------------------------------------------------------

    Yes but the President will appoint a new Fed Chairman so is the general feeling that Romney will better fix the economy and thus be a negative for precious metals?

    We know we are ------- if the present course is not corrected but can Romney fix (help) it?

    GrandAm image
    GrandAm :)
  • jdimmickjdimmick Posts: 9,674 ✭✭✭✭✭
    I think things are going to improve greatly by years end,and PM's will lose 30-40%
  • GRANDAMGRANDAM Posts: 8,505 ✭✭✭✭✭


    << <i>I think things are going to improve greatly by years end,and PM's will lose 30-40% >>



    -------------------------------------------------------------------------------------------------

    OH CRAP!!!!!!! image

    Maybe I better vote for Barry image
    GrandAm :)
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>Yes but the President will appoint a new Fed Chairman >>


    He will appoint who his large donors (guess who) tell him to appoint. That is just how it works. They didn't give that money away, they bought influence with it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • nibannynibanny Posts: 2,761 ✭


    << <i>I think things are going to improve greatly by years end,and PM's will lose 30-40% >>



    image

    I'd better put some cash aside!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>I think things are going to improve greatly by years end,and PM's will lose 30-40% >>



    Jim, I truly hope you are rightimage



    I wish I had just 2% of your confidenceimage
    Avid collector of GSA's.
  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    the election will have a short-term influence.

    the actual ongoing economic conditions will have the real influence.


    I forsee a short-term drop in PMs if Romney wins as Republicans are supposed to be better fiscally and better for business than the dems.


    I still think it is too early to call Obama or Romney, but the press is already figuring out the story behind the unemployment numbers. It could be in the 7s come election time, but I do not think that will placate the voters anymore. As a result, I'm leaning more Romney as the winner right now.


    I just hope Ron Paul signs up as a Indep candidate so I can vote for him. I'd rather vote for having more political parties over voting for either tweedle-dee or tweedle-dum.

    I still think electing a Rep. president will just send a bad message to them that "playing chicken with the economy and the US solvency is ok."
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Downtown1974Downtown1974 Posts: 6,795 ✭✭✭✭✭
    I do not anticipate much of a move regardless of the outcome of the election. I cant predict a winner at this point either. I never liked the idea of voting for someone based on which letter follows their name. I wish there was a true independent to vote in, but corruption from the left and the right will not allow it. Its a shame that the government allows two different parties to pit themselves against each other. I refuse to play the game. I will not allow a news channel or my job tell me how to vote, or what I should believe in.

    MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Let us hope there is not a third party candidate... Cheers, RickO
  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭


    << <i>Let us hope there is not a third party candidate... Cheers, RickO >>



    explain
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Let us hope there is not a third party candidate... Cheers, RickO >>



    explain >>



    If Ron Paul runs, he could siphon off enough Republican votes to allow Obama to win. It will be a close election.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • bluelobsterbluelobster Posts: 1,220 ✭✭✭


    << <i>I do not anticipate much of a move regardless of the outcome of the election. I cant predict a winner at this point either. I never liked the idea of voting for someone based on which letter follows their name. I wish there was a true independent to vote in, but corruption from the left and the right will not allow it. Its a shame that the government allows two different parties to pit themselves against each other. I refuse to play the game. I will not allow a news channel or my job tell me how to vote, or what I should believe in. >>




    My sentiments exactly.

    I have no idea how the election will effect prices, history has proven it's pure folly to make investment predictions, based on the candidate or party. Of course, that doesn't mean the voting public doesn't believe they can't make those assumptions, or a bunch of others for that matter. ;~)
  • tneigtneig Posts: 1,505 ✭✭✭
    Don't see this election making much of a diff. Its a big machine in motion w strong inertia.

    It really more matters what you do as an individual in your PM plan.
    COA
Sign In or Register to comment.