RE:Looks like more paper on the wayHello Mr T,
Quantitative easing, sure there will be more to help the US economy recover. A lack of consensus between the two political parties on this subject is unlikely. Consequently, it will be favorable for an increase in the value of gold.
If there was any possible presence of deflation, it would be bad for gold. But considering that the efforts needed to combat this deflation would involve further quantitative easing, this would ultimately be favorable for an increase in the value of gold.
As for the trillions promised for climate change and other major societal projects, it will be more difficult for the Democrats. For 4 years now, there has been a worrying division between these political parties, which is an additional difficulty in getting major changes adopted.
For now, the best Democrats can hope for is a slim majority in the Senate, which would add to the slim majority in the House of Representatives. For my part, I believe that the significant legislative changes proposed by the Biden clan will require a high level of acceptability, which is far from won. Therefore, I would be surprised if QE would take place on these projects.
Over time, we can hope that global economic activity will recover, but it is a safe bet that these episodes of quantitative easing will eventually have negative effects on inflation, which will be very favorable for an increase in the value of gold.
In conclusion, there are really several scenarios that indicate that gold has a good chance of heading to new highs for several more years. Let us remain vigilant because companies such as Robex will probably be the stars of tomorrow.
GLTA