Post by
Crashcomingsoon on Jul 04, 2024 3:32pm
Gold and the US Presidential Election
My Comment: There's a lot of focus on whether Biden can convince voters over the next week that he's mentally and physically capable to serve another four years. But, the fact of the matter is that Biden is aging and his mental capabilites are in decline. His senility will only worsen. There's no way to avoid that. And the Democrats do not have a viable alternative nor do they have much time to find a replacement. At this point, Kamala Harris seems like the most likely replacement and any attempts to override that would most likely create a lot of disagreement within the party. I have long felt that if either Trump or Biden is elected, the country is doomed. I expect gold to do very well in large part due to the election results. There's not much room for goverments and Central Banks to kick the can down the road and there is a day of reckoning for the reckless government spending and Central Bank policies over the past 35 years. If things look bad now, just wait because I expect them to get much worse.
Comment by
DarkGreen on Jul 05, 2024 7:50am
Crash is right on the state of affairs and to add gasoline to the fire the U.K. just elected a left wing Prime Minister . His agenda is spend , spend and more spend .