Yes, Precious Metals Will Likely Skyrocket After the Election

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Government will grow quickly under Democrats or slower under Republicans, but either way the U.S. government and its expenditures are expected to grow after the election.

Kamala Harris is a Big Gov stereotypical Democrat who will continuing the ballooning of budgets, deficits, and debt. Donald Trump was a populist president in his first term, and while he fought government regulations and bureaucracy, recovering from the last four years makes it unlikely that spending will be reduced in his second term.

In other words, we can expect the national debt to continue to grow unabated. It’s just a question of how fast.

With de-dollarization progressing worldwide, even a return to stronger fiscal policies under Trump is unlikely to assuage the rush by governments and central banks to own gold and silver. As for Harris, it is conceivable that the U.S. Dollar could collapse if she continues down the path of the current administration.

According to Mint:

Looking ahead, prices may remain elevated as the US presidential election outcome, regardless of who wins, is likely to further support the ongoing rally in gold prices, said domestic brokerage firm Elara Capital.

The brokerage noted that the 2024 US elections are shaping up to be one of the closest in modern times, and regardless of the outcome, the US fiscal outlook is expected to worsen. As per the IMF, the fiscal deficit for the US is expected to be higher than that of the emerging markets in the next five years.

Then, there’s the likelihood of chaos engulfing the United States in the days, weeks, or even months after the election. There has never been a more polarizing election in the nation’s history. Mass violence or even domestic terrorism are expected following a Trump victory. If Harris wins, the turmoil will be directly economic as companies brace for another four years of rampant inflation, low consumer sentiment, and an ongoing border invasion.

“It behooves Americans to protect their life’s savings with physical precious metals,” said Jonathan Rose, CEO of Genesis Gold Group. “Gold and silver are, in my humble opinion, the best way to do that and the time to get in is before the next big price spike following the election.”

Even the most conservative projections for gold and silver point to stability that belies the current economic turmoil. As Mint continued:

The growing fiscal pressure, particularly if either political party secures sweeping control, could result in a significantly higher deficit. Elara Capital notes that the Federal Reserve is likely to adopt a more hawkish stance under the new government—more so in the event of a Republican sweep—unless clear growth risks emerge.

In this context, gold prices are expected to benefit, serving as a hedge against both fiscal and geopolitical uncertainties. Elara Capital forecasts a 10% upside for gold over the next 12 months, highlighting contributing factors such as rising interest payments on US debt, escalating fiscal pressures, and the impact of increasing USD yields.

Genesis Gold IRA’s produced by this faith-driven company allow Americans to own physical precious metals by rolling over or transferring their retirement accounts. That means no tax impact and minimal cash out of pocket.

Americans who want to learn more about protecting their wealth or retirement with physical precious metals should request their free, definitive Wealth Protection Kit from Genesis Gold Group.