Gold’s Gains 15% In Inauguration Years Since 1974
By: GoldCore
GoldCore.com
Friday, 20 January 2017
– Gold’s average gains in inauguration years of 15% since 1974
– First year of new President frequently a time of increased uncertainties and risks
– Gold rose 30% in the 12 months after Obama inauguration
– Massive political uncertainty – President’s conflict with the CIA
– ‘Strong dollar policy’ to end as U.S. has $120 trillion plus debt
– Trump inherits Bush and Obama’s humongous debt
Gold performs well in inauguration years (see table) and has seen average gains of 15% in inaugural years since the 1970s.
Given the degree of uncertainty, divisiveness and conflict that Trump’s election has already created – both in America and internationally, it seems almost certain that the many risks as President Trump takes power will lead to higher gold prices.
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