Gold $2100, retreats to as low as $1800 if Trump wins 2020 election: Gold is the ‘real bitcoin’ according to Boris Schlossberg – July 9, 2020,

I’m Canadian, but now more than ever I’ll be paying very close attention to the 2020 U.S election, why because whether you like Donald Trump or not is irreverent, Donald Trump is good for the markets. If you’re not in business, it’s very hard for you to understand the impact regulations has on an economy and an economic recovery.

I personally like out pick on the Government minimum wage regulation, which is by far one of the dumbest government regulations ever created, it’s a raw in your face Communist regulation, that once implemented, is hard to get rid of, but it guarantees that certain businesses will no exist in a country with the worlds reserve currency unless that company has a special privilege or subsidy by the Government.

Now, imagine the minimum wage regulation which is a barrier to entry into becoming an entrepreneur being multiplied into social justice causes. The social justice regulations created by Joe Biden will be the ‘New Deal’ of our time.

The ‘New Deal’ is what prolonged the great depression, the ‘New Deal’ similar to the ‘Green New Deal’ was nothing more than a bunch of government-enforced regulations on the economy if there are new rules o the game, the market has to recalculate prices, being that Gold is a commodity, the labor required to bring Gold out of the ground or even the labour required to recycle Gold is going to go up as regulations go up under a Joe Biden administration.

Unlike the artificial inflation being created by printing money and Government spending, no Joe Bidens inflation will be real inflation, because more regulations equate to less flexibility for private companies, furthermore establish companies as was the case under Obama, can legitimately raise their prices without worrying.

A lot of people forget that part of being a well-run country is anticipating where the political pendulum will swing and already creating your own regulations for your company, to stay ahead of any government regulation that might be headed your way. People forget that a lot of the regulations written into law are derived from individuals who run or who have run established large companies.

It’s not so much that it’s a conspiracy theory, it’s just that when you’re in business, you get hands-on training of how your customers can raise your cost of doing business, by your company not putting the right buffers in place.

Wen the Obama and Joe Biden types take office, these idiots don’t know anything about business, so when a person who comes from a background of an established company, tells a Joe Biden or a Barack Obama that they can write the regulation that will make the Joe Biden social justice regulation a reality, Joe Biden and his people aren’t going to be able to properly interpret the negatives of the new regulation proposal, they’ll say where do I sign.

Biden is in the appeasing his voters business and the thing to remember about regulations is that there are loopholes to them, if you have the capital! It’s the start-ups that pay the price for regulations and regulations is the politics of Joe Biden.

Gold and the price of Oil will go up in a Joe Biden administration – Trump is a better President than you think

So, let me make one thing clear, that goes overlooked, the price of oil is low for one reason and one reason alone DONALD TRUMP!

Donald Trump loses the price of oil goes up and keeps going up. Joe Biden is horrible for even his own supporters because I see a bull run on oil that even green regulations can’t stop. Now, Biden might make it hard for U.S companies to turn a profit, but they’ll be able to make a profit somehow and this is important, to understand.

Because as the push back occurs, on both sides of the political aisle, the price of Gold will find it’s place, which I personally see as around $2100. I think Gold reaches $2100, just on the fear of Joe Biden becoming the U.S president, right now, nobody thinks it’s possible for Joe to win, but wait until mid-September, when the markets start to get paranoid and want to flee to safety, just in case Biden wins.

With that said, I see Gold having a new normal price of $1900-$1985 even if Donald Trump does win. However Gold will retreat if Trump wins back to around $1800-$1859, until around the period the economy starts to pick up. If Trump wins in a landslide, Gold will climb for industrial purposes, let’s not forget that hoarders will want to sell for profit and if they buy above $1850 they’ll be reluctant to sell and I personally think there is going to be a real shortage of Gold.

Industrially, people don’t need minted gold coins or bars, recycled gold is ok also, but even the individuals selling gold for industrial purposes are going to want top dollar for their gold and during this period I also think Gold miners will experience a boom in price, which you’d be wise as an investor to monitor because the bear will jump out the window on Gold.

In short my prediction, $1800+ Gold price will be the new normal, Gold, in my opinion, has little to do with fed policy and more to do with politics. One of the main reasons Gold price is so high everywhere except for America is because everywhere except for America has a Liberal President. I read about Austerity measures happening absolutely nowhere around the world.

The closest thing to austerity measures are regulation cuts done via the Trump administration. Printing money, high regulations, and low-interest rates is the new normal all over the world, the Chinese Communist Party doesn’t respect Property Rights, so they’re not a major player and could possibly lose control if Trump is re-elected.

On the flip side, if Biden is elected, all of a sudden Europe and China don’t look that bad and that’s where the Gold rally would occur, because even oil is needed to take Gold out of the ground and bring it to market. All this printed money looking for a home will find a home in hedges against inflation.

Under Biden, the price of everything goes up and what will happen is everyone will blame Trump for the Biden economic crash, who cares, what the truth is, Democrat supporters will believe whatever they’re told fro their thought leaders and this bodes well for Gold and Oil, now what you do with your new-found wealth is up to you, but if Biden wins I’d get out of a Democrat-run State as soon as possible.

Joe Biden will represent a lower-valued Green-back and the price of gold in other currencies possibly won’t be as high as long as Biden or a Democrat is president. Well, that’s all folks!

Gold is the ‘real bitcoin’: Trader sees new highs ahead for the metal | cnbc.com

Interesting times ahead!