Home› Precious Metals

a non-political PM question

secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
in Precious Metals
If "O" gets re-elected, it seems to me that will be very positive for PMs... more out-of-control $1 trillion+ annual deficits, etc. If he's re-elected, I'm going to buy more PMs. If "R" gets into office, it clouds the picture. He seem like much more of a fiscal tightwad. What say you? Does it matter? Are my assumption correct, or off-base?
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)

Comments

  • JulioJulio Posts: 2,501 ✭
    I don't think it matters much. Jobs, jobs and jobs; therein lies the cure. Unfortunately the cure would probably not be good for PMs but we need it badly. Take care. jws
    image
  • calleochocalleocho Posts: 1,569 ✭✭
    Gold has done well under the last Republican and Democrat presidents ....
    "Women should be obscene and not heard. "
    Groucho Marx
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    IMHO, if Obama get re-elected the government will continue to spend money that it does not have, the dollar will weaken, and gold will go up.

    If Romney get elected, the spending may (or may not) decrease, but taxes (=revenue) will probably be cut, the dollar will weaken, and gold will go up.

    Our best hope? Get invaded by a benevolent race of aliens!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭


    << <i>IMHO, if Obama get re-elected the government will continue to spend money that it does not have, the dollar will weaken, and gold will go up.

    If Romney get elected, the spending may (or may not) decrease, but taxes (=revenue) will probably be cut, the dollar will weaken, and gold will go up.

    Our best hope? Get invaded by a benevolent race of aliens!

    >>



    Either that or a miracle.

    The economy won't be good again until 40 years after we fix the schools.

    They're going downhill faster than ever right now.

    Cold fusion would go a long way toward fixing things but government could just increase wase to compensate.

    The problem is one of beliefs and attitudes.
    Tempus fugit.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    doesn't matter

    "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

  • cohodkcohodk Posts: 19,099 ✭✭✭✭✭


    << <i>doesn't matter >>



    Agreed. They all be the same.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,820 ✭✭✭✭✭
    It's human nature to 1) want more while doing less. It's also human nature to 2) delay some gratification in order to benefit later. To the extent that government policy favors one of these tendencies over the other, we will see either a drop in productivity or a gain.

    The current problem revolves around the fact that government policy has favored the first scenario for far too long, and there is no way to fulfill the promises made. A change in government policy now (to a delayed gratification scenario) will only exascerbate the looming problems, but if a change isn't effected relatively soon, the system will fail anyway.

    The obvious answer that frustrates so many people is that when government policy - in an attempt to make every constituency happy - impedes or destroys individual initiative, overall productivity falls and the pie becomes smaller, not bigger as it needs to be. The answer isn't in government policy, but in the culture that gets promoted. There's a famous Pogo quote about all that.

    Buy gold, silver, guns, food, books, land. Be safe.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    Outsourcing and competition for jobs in a high unemployment enviornment are slowly correcting "wanting more while doing less." Wages/benefits are experiencing the effects of job supply and demand.

    "Delaying some gratification in order to benefit later" works best, at the moment, for public sector employees. Saving used to be the best way to benefit later but that initiative has been destroyed by the zero interest rate policy and the eventual flooding of the market with new money.

    "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

  • tneigtneig Posts: 1,505 ✭✭✭
    More likely folks will lose in the PM field, because of inappropriate knowledge, planning and decisions, then
    gain or lose because of the influence of one president.
    COA
Sign In or Register to comment.