Whoever wins, buy gold (zt)

Even though Democrats prove to be the best party for gold investors worried about the gold price, the Republicans don’t do too badly themselves – accounting for a net increase of 121.27% across their terms in office since Nixon, versus 358.68% for the Democrats.

 

Obama isn’t guaranteed to drive up the gold price just because he’s a nice Democrat and spends lots of money on taking responsibility away from people, our research also found Presidents granted a second-term have a marvellous time showing everyone just how much money they can spend, devaluing the currency further and making that precious metal glister even more.

 

George Bush Jr, has seen the largest percentage increase in the gold price for Presidential second terms – 88.81%, compared to 24.63% in his first term. Obama has already contributed an additional 74.2% to the gold price; imagine the endless possibilities if he’s allowed another shot at ‘change’.

 

Voting Obama next week is best for the gold price. If the Republican gets in then theoretically the gold price won’t increase by as much, it may even drop slightly in the first year or so, but look at it as an excellent buying opportunity. Who sits in the White House is not something which fits in gold price fundamentals these days, gold is going up, just how quickly depends on the President.