Nov

22

 I know gold bugs who thought Trump would be bullish because "he is going to reflate". But I remind them that the reason they went into physical, in the first place, was to keep their assets off radar. Trump policies, however, should encourage transparent economic activity via decreased rates of taxation. So I tell them that the main incentive to hold Gold has been removed. Is this correct?

Sam Marx writes: 

Not entirely. Trump is heavily involved in real estate and will be president with a 20 billion dollar national debt.

This indicates to me that he will be partial to an above average rate of inflation to enhance his real estate's value and a cheaper dollar to pay off the national debt and his mortgages. With an above average rate of inflation, investors will invest in real estate, REITs, gold and silver.


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