Why Donald Trump Could Be Good for Gold
Posted By | December 6, 2016
President-elect Trump is busy getting his plans together to assume the most powerful job in the world. Is it good for gold? We at Augusta Precious Metals believe that there are several reasons to think so:
- Infrastructure spending: The assumption is that Trump will make good on his promises and institute a massive job stimulus program. Lord knows we need to fix our crumbling bridges and roads. Let’s assume he commits a trillion dollars or so to putting people back to work. He won’t find that kind of money lying around in the Federal Reserve, so he’s probably going to have to print it. That’s good for gold, because flooding the marketplace with new dollars will likely devalue the currency. This will also create the kind of inflationary pressures we haven’t seen in years. In other words, the dollar will likely lose value, which is when people turn to gold. Remember, gold cannot be devalued. Time to think about Augusta gold buying.
- Massive tax cuts: The plan calls for more than $4 trillion in tax cuts. We all love tax cuts, but of course this will blow up the deficit, which is inflationary. If we print new money to pay back our debts, once again the U.S. dollar will face serious devaluation. In other words, the cost of a loaf of bread will go up, and the money you use to buy the bread will be worth less. This is a perfect recipe for gold.
- Political instability: At home, you can bet the sore losers will protest, maybe even riot, causing political unrest. Our new relationship with Russia could result in that country’s expansion into Europe with our tacit agreement. After all, we’ve been supporting the deadbeat NATO nations for decades, so as Trump has indicated, they either pay up or they’re on their own. Since many can’t afford to pay up, we won’t care what Putin does in Europe. But of course, political upheaval is exactly what gold is meant to protect against. We believe that folks who buy gold now will be happy they did.
Finally, a guy is going to the White House who will shake things up. Don’t be caught with your financial pants down. Open an Augusta Precious Metals Gold IRA today and start stocking up. You can also convert 401k to gold IRA through a 401k gold rollover. Don’t forget, contributions are tax deductible and you don’t have to pay any taxes until you distribute your wealth. Contact us to find out how to open a Gold IRA account. Trump is our future, and so is gold!
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