As an investor in gold and silver, what’s driving up the cost of the two metals is not demand to make money again; what’s driving up their price is environmental, social, and governance (ESG).
ESG is driving up ENERGY prices which is making PRODUCTION for Gold and Silver more expensive. There’s still a 50/50 chance the dumbest and most corrupt president in U.S. history will win a second term, and this is good news if you enjoy watching the U.S. dollar get debased in exchange for a more tyrannical government.
With that said, on the flip side to the dumbest President in U.S history, you have the most polarizing president in the U.S. Donald Trump, who pisses a lot of us off with his FEDERAL RESERVE policy
Donald Trump fashions himself as Quick Fixer, and Trump thinks the way you’d expect a scumbag in real estate to think “Lower interest rates for everyone” Trump during his term, did cut regulations, but Trump also grew the size of government and didn’t perform well when under pressure.
Trump, for example, was scared to fire Anthony Fauci in fear of the “OPTICS” during the Covid-19 outbreak. Trump also QUICKLY sent Americans free checks in the mail the moment COVID-19 hit.
Gold did not make new records back then because ESG wasn’t the law; however, ROLLING back ESG regulations won’t be easy, as a lot of businesses were given guarantees by the Biden administration that they’d be PROTECTED from loss for taking the risk of “going green,” as I like to point out the PRESS, or the media, for the most part, is run by these SHADOW Lobbyist groups, who are the ones behind making Trumps legal problems a nightmare.
What I’m getting at here is that regardless of the next President, the price of gold and silver might remain elevated.
Interesting times ahead