Uncertainty Reigns Over Post-Election America

As the sun rose on the morning after Election Day, ballots were still being counted in numerous states, there was no clear winner in the race for the presidency, and it appeared the final result might not be known for days. Moreover, President Donald Trump was threatening to “go to the Supreme Court” to stop ballot counting. While the President’s attorneys cannot actually stop vote counting by seeking the intervention of the Supreme Court, Trump’s warning raised the prospect of a legal battle that could extend the presidential contest for weeks.

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If the election resolved anything it is the fact that America remains a deeply divided nation, more so than any other point since the Civil War, in the view of some historians and political analysts. 

It is in such an environment that gold has the potential to outshine other investments.

“The possibility of post-election turmoil and a contested outcome represents a significant risk in our view, and one that could prove quite gold-positive in the most extreme scenarios,” according to RBC Capital Markets.

The stock market historically despises uncertainty. So, the longer the presidential race remains unresolved, the greater the risk to equities and the better the chance investors flee to safe haven investments, including gold.“You can hit the red button or the blue button, but I’m hitting the gold button, no matter which one it is,” said Frank Holmes, Chief Executive Officer of U.S. Global Investors who anticipates gold is poised to resume its upward climb.

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