Gold has always been the “go to” investment in times of uncertainty, and rarely has there ever been more uncertainty than now.
Donald Trump, a man with no prior political experience, who is prone to saying whatever is on his mind without consideration for the political ramifications, sits in the White House. To many, he is refreshing. To others, he is frightening. He has been rebuked by friends, foes, allies and enemies.
How he formed his foreign policy views is not known. Adding to the uncertainty, Trump’s views parallel those of many advocates of military action as the solution to all problems. No wonder that there is a renewed interest in gold.
Also adding to the world’s uncertainty is talk of France being the next to exit the European Union. Past presidents have supported the EU. Trump has condemned the concept. Fears of the EU collapsing will lead to worldwide gold buying.