| I get asked a lot of things in interviews, but I’ve noticed that international media are consistently interested in one question: What impact will the U.S. presidential election have on gold?
|
| My interviewers usually seem disappointed in my answer: Likely little impact at all.
|
| In my opinion, the macro factors currently in play — particularly the massive sovereign and corporate debt loads that have been amassed after decades of ever-easier money — will overwhelm any policy differences between Biden or Trump.
|
| Frankly, neither one would be able to alter the current trajectory of the U.S. federal debt, regardless of whether they were inclined to try or not.
That said, there are a number of other issues that will have an impact, from dollar weaponization to interest rate policies and more.
One thing few are considering right now is that, if the Fed doesn’t start cutting rates in July, the rest of their meetings are too close to the election for them to drop rates and appear impartial.
In other words, there are plenty of important factors to consider for the months ahead, many of which are not immediately obvious.
I’m going to explore them in detail next Monday, March 25 at 1:00 p.m. EDT/10:00 a.m. PDT in a webinar with the fascinating title of “The Politics of Gold.”
|
| Joining me on this panel will be two of the smartest and most accomplished individuals in the mining industry: Diane Garrett (president and CEO of Hycroft Mining) and Rick Van Nieuwenhuyse (president and CEO of Contango ORE).
|
| Diane and Rick happen to also be long-time friends of mine, so I’m looking forward to a fun and enlightening presentation that will explore all the important factors now impacting metals and mining.
I urge you to join me on this webinar next Monday — just click on the link below.
|
| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
|
.png)
