Picture credit Boomberg
#CONTENT ADDED 11th NOVEMBER 2016
President elect Donald Trump has spoken to the nation shortly after winning a bitterly contested campaign. His message included a call for binding up campaign wounds, national unity and even a tribute to Hilary Clinton, the lady he was going to jail, for her outstanding service to the nation.
Trump’s victory is testament to his ability to get things done. With the election having brought Republican control to both Houses of Congress he will be free of politics blocking his plans for economic growth if his p[ans make sense.
It will be a while before we have any real light from the Trump administration on what his plans actually are, if they make sense and what consequences to expect for the US and Global economies .
Gold remains on the agenda for investors.
11th November 2016 Goldwatcher comment follows:
Will the American Dream survive the Clinton Trump Presidential election? Whoever is elected we expect the time honoured response “THE KING IS DEAD LONG LIVE THE KING” will accompany any transition of power after the election.
But what about the world monetary system dominated by the US dollar?
If the world monetary system is challenged by a loss of faith in the new U.S. President there is no other national currency that will fill the void following a loss of faith in the dollar. If the American Dream becomes a Nightmare gold will again be of utility to investors hedging against currency risks – as it has already been this year for investors in the United Kingdom following the plunge in the value of the £ sterling that followed the Brexit upset.
As I have written for this blog before and since the beginning of this year, for Investor Literacy.com and in a long series of Tweets gold belongs on the agenda for investors when decisions are being made on asset allocation and on hedging against currency risks.
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