With the presidential election just around the corner, many Americans worried about the economy are waiting to see the results before making big moves with their money.
Will Donald Trump win or will Kamala Harris get it? If Trump wins, will there be riots worse than the 'Summer of Love' after the George Floyd video in 2020? If Harris wins, will the stock market plummet and precious metal prices skyrocket?
“This election is unlike anything I've seen in more than two decades in the precious metals industry,” said Jonathan Rose, CEO of Genesis Gold Group. “Normally, there are factors that point to a wide range of possible scenarios for gold and silver prices, but this year everything points to the metals being flat or soaring.”
According to Rose, this is the first presidential election in which neither scenario favors falling precious metal prices. That doesn't mean it can't happen; if we've learned anything in the last four years it's that almost anything is possible. But precious metal prices have been resilient to interest rate hikes, stock market spikes, stock market crashes and even the US dollar benchmarks.
The biggest factor driving the continued record prices of precious metals is debt. Both domestically and globally, the massive debt accumulated by the people and their governments has prevented gold and silver from falling for a sustained period. That's why gold prices are up more than 50% since Election Day 2022 alone.
“The best-case scenario as we see it is that Trump wins the election and any resulting turmoil is minimized,” Rose said. “This will put the nation on the fastest path to economic recovery and long-term prosperity.”
Unlike other precious metals companies that “cheer” Democrats because their policies drive up precious metal prices, Genesis Gold Group prefers stability and unabashedly supports President Trump's campaign. They are a faith-driven company that drives them to do the best for their customers rather than simply looking at their own bottom line.
If Trump wins and there is minimal turmoil, precious metal prices are likely to stabilize. If Trump wins and there is turmoil, or if Harris wins, precious metal prices will likely rise, according to most reputable economists.
“We've always believed it's better to buy gold and wait rather than wait to buy gold, but that's never been truer than today,” Rose said. “If Trump wins and the forces against him whip up quickly, then we could see precious metal prices flatten. That's good for us because it means our clients are positioned for the long term.
“But in any other election scenario, prices will skyrocket, so either way, Americans need to look seriously at letting us transfer or transfer their retirement accounts to a Genesis Gold IRA sooner rather than later … they definitely want to get everything done before the election.”
don't wait Contact Genesis Gold Group today and get yours free and definitive gold guide. They can help you navigate the current and future state of the economy so you can take advantage of the higher financial ground of physical precious metals.
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