Gold and the Upcoming Election

in #hive-16792213 days ago

Gold Libertad.png

Among the major commodities, gold has performed among the best this year. It has risen over 35% so far this year, setting several new milestones in the process.

Gold 1 yr.png

Source

What has boosted its performance?
It is the strong central bank purchases, the strong Asian purchases, and rate-cut bullishness that have helped to boost it. This year has also been bolstered by safe-haven demand in the middle of elevated global concerns and uncertainties ahead of the US election.

Gold 5 yr.png

Source

I tend to think that the short- to medium-term upward trend in gold will continue. I think that gold will likely benefit from a favorable macroenvironment and the external conditions that exist in the economy as a whole (like GDP, inflation, employment, spending, and monetary and fiscal policy), as interest rates drop in the face of international unrest.

GoldAll3.jpg

Regardless of the outcome of next week's presidential election, these factors are probably going to persist. But, at least in the short to medium term, they might be intensified with Trump in the White House.

Longer term, the Federal Reserve's ability to lower interest rates will be constrained by Trump's proposed policies, which include tariffs and more stringent immigration laws that are inflationary in nature.

There may eventually be some obstacles for gold due to a stronger USD and stricter monetary policy. On the other hand, more trade friction might make gold a more desirable safe haven.

Gold5.jpg

What do you think?



Reference

1https://www.reuters.com/markets/commodities/gold-marches-record-us-election-jitters-fuel-safe-haven-rush-2024-10-30/
https://www.snopes.com/news/2024/09/19/trump-tariffs-explainer/
https://www.investopedia.com/ask/answers/020915/has-gold-been-good-investment-over-long-term.asp

😍#ilikeitalot!😍

Gold and Silver Stacking is not for everyone.
Do your own research!

If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!

Thank you for stopping by to view this article.

I hope to see you again soon!

Hugs and Kisses 🥰🌺🤙!!!!





I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.

@silversaver888

.
Sort:  

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

I was kicking around the idea of some gold last week, but I ended up just going with silver. I am happy with my purchases. I still want to get some gold one day though.

@bozz You earned a 100% upvote and an HSBI for being the first to comment on this article.

image.png

thankyou888.webp

There is plenty of time... stackers don't rush. Slow and steady. Maybe tomorrow! !LOL
!BBH
!LADY

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @bozz and you earned 0.0100 LOH as tips. (6/50 calls)

Use !LADY command to share LOH! More details available in this post.

I watched a documentary on Marijuana last night…
…that’s probably how I’ll watch all documentaries from now on.

Credit: reddit
@bozz, I sent you an $LOLZ on behalf of silversaver888

(1/10)

PLAY & EARN $DOOM

@bozz! @silversaver888 likes your content! so I just sent 1 BBH to your account on behalf of @silversaver888. (1/20)

(html comment removed: )

Congratulations @silversaver888! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You made more than 75000 comments.
Your next target is to reach 76000 comments.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Feedback from the November Hive Power Up Day
Hive Power Up Month Challenge - October 2024 Winners List
Be ready for the November edition of the Hive Power Up Month!

I agree with you @silversaver888, I think conditions will continue to favor a rise in the price of Gold!👍
With the continuing devaluation of our fiat currency, and the other fiat currencies around the world, nation states are looking for safe havens and Gold is one of the top!

There are no qualms about it, @silvertop👍
!LADY
!BBH

Spot on @silversaver888!👍
Dangerous high wind storm happening here …….
Hope you’re having good weather !😎

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @silvertop and you earned 0.0100 LOH as tips. (2/50 calls)

Use !LADY command to share LOH! More details available in this post.

@silvertop! @silversaver888 likes your content! so I just sent 1 BBH to your account on behalf of @silversaver888. (1/20)

(html comment removed: )

Gold is always a good thing to hold….

For sure, @silverd510 !
!PIMP

Ms. Saver @silversaver888
Gold has done Very Well but We know what will be the BEST of All, A treat for anyone while we wait......... Keep Stacking !


Welcome to SilverTowne!

!LUV
!LADY
!PIZZA

Keep stacking!
!LUV
!LADY
!PIZZA

Ms. Saver we must always Keep Stacking..........

@stokjockey, @silversaver888(4/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @stokjockey and you earned 0.0100 LOH as tips. (5/50 calls)

Use !LADY command to share LOH! More details available in this post.

View or trade LOH tokens.


@stokjockey, you successfully shared 0.0100 LOH with @silversaver888 and you earned 0.0100 LOH as tips. (1/4 calls)

Use !LADY command to share LOH! More details available in this post.

@silversaver888, @stokjockey(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

@silversaver888, @stokjockey(2/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

PIZZA!

$PIZZA slices delivered:
silversaver888 tipped elizabethbit
stokjockey tipped silversaver888
stokjockey tipped kerrislravenhill
@silversaver888(2/15) tipped @stokjockey

I'm not sure if it really matters who wins, the world is a mess and gold will keep going up. It may get even uglier in the very near future in Ukraine and the Middle East. Precious metals are the place to be!
!BBH

I am hopeful, @thebighigg !!!
!BBH
!LADY

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @thebighigg and you earned 0.0100 LOH as tips. (6/50 calls)

Use !LADY command to share LOH! More details available in this post.

@thebighigg! @silversaver888 likes your content! so I just sent 1 BBH to your account on behalf of @silversaver888. (2/20)

(html comment removed: )

@silversaver888! @thebighigg likes your content! so I just sent 1 BBH to your account on behalf of @thebighigg. (2/50)

(html comment removed: )

View or trade LOH tokens.


@silversaver888, You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.

!BEER


Hey @silversaver888, here is a little bit of BEER from @pixresteemer for you. Enjoy it!

We love your support by voting @detlev.witness on HIVE .

I think the damage has been long done and things have naturally play out regardless of who wins. The only sure thing is precious metals and the everyone must to get into such reliable assets to preserve their dwindling buying power and some will be in a favorable financial position to take advantage of the opportunities after.

Always, with love 🤗🌺❤️
!LADY

!LUV
!LADY
!PIZZA

@kerrislravenhill, @stokjockey(2/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

View or trade LOH tokens.


@stokjockey, you successfully shared 0.0100 LOH with @kerrislravenhill and you earned 0.0100 LOH as tips. (2/4 calls)

Use !LADY command to share LOH! More details available in this post.

View or trade LOH tokens.


@kerrislravenhill, you successfully shared 0.0100 LOH with @silversaver888 and you earned 0.0100 LOH as tips. (1/25 calls)

Use !LADY command to share LOH! More details available in this post.

We always want to be at an advantage! Stacking surely will!
Much !LUV, sis 🤗🌺❤️
!lADY

Justice for Peanut!
GbaRNsdbcAA4PK8.jpg

🤣😂🤣😂🤣🤣😂😂🤣🤣😂🤣🤣😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂🤣😂🤣🤣😂🤣🤣🤣

This is the MOST ridiculous thing I have ever seen.

🤣🤣😂🤣🤣😂🤣🤣🤣

I Miss Peanut the Squirrel............

Ms. Saver has Been telling us Here for Years............ @silversaver888
https://youtube.com/shorts/TcsPAOd0Crs?si=xP60yhY-XcZ8PgxO

!LUV
!LADY

!LUV
!LADY

@stokjockey, @silversaver888(3/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @stokjockey and you earned 0.0100 LOH as tips. (4/50 calls)

Use !LADY command to share LOH! More details available in this post.

View or trade LOH tokens.


@stokjockey, you successfully shared 0.0100 LOH with @silversaver888 and you earned 0.0100 LOH as tips. (1/4 calls)

Use !LADY command to share LOH! More details available in this post.

@silversaver888, @stokjockey(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

I think we are about to watch all of it launch to a point, depending on the outcome of the election. I await with hope and prayers! Love ya much sis!🤗😘💜😇🌸🌲🤗 !LADY !LUV !HOPE !PIMP

I worry for the future, sis! We can only !HOPE and pray!
Much !LUV sis 🤗😘🤗
!LADY
!PIZZA
!LOL

(1/5)
@silversaver888! @elizabethbit Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @elizabethbit.

Indeed Logo

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @elizabethbit and you earned 0.0100 LOH as tips. (3/50 calls)

Use !LADY command to share LOH! More details available in this post.

@elizabethbit, @silversaver888(2/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

It doesn't matter if my wife tells me I'm not mature
I'm not going to let her enter my tree house without the right password

Credit: reddit
@elizabethbit, I sent you an $LOLZ on behalf of silversaver888

(1/10)

PLAY & EARN $DOOM

!INDEED Praying and hoping and watching! !HBIT🤗❣️🌻

@silversaver888, @elizabethbit(2/5) sent you LUV. | tools | discord | community | HiveWiki | <>< daily

Made with LUV by crrdlx

View or trade LOH tokens.


@elizabethbit, you successfully shared 0.0100 LOH with @silversaver888 and you earned 0.0100 LOH as tips. (3/20 calls)

Use !LADY command to share LOH! More details available in this post.

(1/1)
@elizabethbit! @silversaver888 Wants to spread Hope! so I just sent 1 HOP to your account on behalf of @silversaver888.

Since we think the world can use more Hope, you can now already start spreading Hope yourself!

Hope Logo

(1/1)
@elizabethbit! @silversaver888 Wants to spread Hope! so I just sent 1 HOP to your account on behalf of @silversaver888.

Since we think the world can use more Hope, you can now already start spreading Hope yourself!

Hope Logo

Well two things are true… gold is good and thinking about the election outcome is SUPER STRESSFUL!

😂

Yes, indeed! It is so stressful!!!
I better just calm down!!
!LADY

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @dfinney and you earned 0.0100 LOH as tips. (7/50 calls)

Use !LADY command to share LOH! More details available in this post.

"Naethin' tops gauld! Braw stack Commander!" 😉 -Keptin

image.png

Hold the line. Until we have a new gold standard, Gold will always go up over the long term.

@fat-elvis! @silversaver888 likes your content! so I just sent 1 BBH to your account on behalf of @silversaver888. (3/20)

(html comment removed: )

Yes, indeed!!!
CHEERS🍻 @fat-elvis !
!BBH
!LADY

View or trade LOH tokens.


@silversaver888, you successfully shared 0.0100 LOH with @fat-elvis and you earned 0.0100 LOH as tips. (8/50 calls)

Use !LADY command to share LOH! More details available in this post.

@silversaver888, I paid out 2.212 HIVE and 0.406 HBD to reward 11 comments in this discussion thread.