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Gold Spikes on News of Trump Election
Published on November 9, 2016
It’s a brand new day and whether you are happy or not with the results of last night’s election, one thing is certain: change is in the air. For real. WithAnnouncements
It’s a brand new day and whether you are happy or not with the results of last night’s election, one thing is certain: change is in the air. For real. With change comes uncertainly which is typically not good news for the financial markets.
The metals markets – especially gold – are a natural haven in this uncertainly and gold spiked up nearly $60 overnight on the election news. We’ve now settled to +$24 and I think the silver lining here is this uncertainly is going to be great for the rare coin biz. What do you think? Is the Trump win good for rare coins? Will investors seek diversification into physical assets in the short term?
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