What does a Biden win mean to the markets and PMs in general? | Precious Metals Message Board Posts

Precious Metals   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  223884 of 226303  at  9/26/2020 2:12:20 PM  by

creaturecomphort


What does a Biden win mean to the markets and PMs in general?

 
It means Harris will be the president.  The most radical dem ever on the presidential ticket.
 
That means:
  • Higher income tax rates and nearly a double of the tax on capital gains effective 2021 - the stock market will tank in 2020 in that case.  Everyone will sell everything they can in the end of 2020 to avoid the taxes.  That means the stock market will crash.  Folks like myself sitting on mountains of gains on miners will sell them.  Same for gold . That will bring the POG to its knees.  Don't be surprised if Harris makes the tax increases retroactive to 2020.
  • More freebies - like the green new deal, free healthcare, free childcare.  Just means more gov't debt.  Lots of it.  Which means accelerating the printing of bozo bucks.  That's good for gold and the miners, but it will not overcome the tax increases
  • End of fracking - much higher energy prices, which slows down almost all industry, but hits the miners especially hard.  That means lower gold prices and lower miner prices.
  • More regulations - If Trump wins we could see him wrap up his destruction of the deep state and continue with cost effective deregulations.  A Harris win means many more regulations.  Expect the mining industry to get more than its fair share of burdensome regulations.  That means lower gold prices and lower miner prices. 
  • China theft - Biden is friends with China.  We will go back to the old days of China stealing from the US.  That means a loss of US jobs and increasing military and political dominance by China.  Which results in a weaker dollar.  Could benefit the POG, but it is not a direct impact.
  • A Trump win - dems burn down American cities and the destruction will move to the suburbs as well.  What we have seen the past 4 months is just a prelude to the real thing.  Money will flock to gold.
All in all a Trump win is better for gold and the country.   


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 10     Views: 542
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
223885 Re: What does a Biden win mean to the markets and PMs in general? fundamental 1 9/26/2020 2:41:38 PM
223886 Re: What does a Biden win mean to the markets and PMs in general? dannoanderson 2 9/26/2020 3:06:07 PM
223887 Re: What does a Biden win mean to the markets and PMs in general? Au-197 0 9/26/2020 9:25:06 PM
223888 Re: What does a Biden win mean to the markets and PMs in general? nasus25438 0 9/26/2020 10:55:57 PM






Financial Market Data provided by
.
Loading...