Every four years, our presidential election takes center stage on news coverage and in people’s minds. Some portfolio owners will even wait until after the election before making major financial decisions.
“Elections may seem like a big deal at the moment, but historically have had little bearing on what path the economy and market ultimately take. While volatility may pick up with the unknown heading into an election day, stocks tend to forge ahead as uncertainty fades. ”—J.P. Morgan strategists
If stocks are relatively unfazed, does a “wait-and-see” strategy make sense when it comes to buying gold?
Click on the video link below for exclusive executive insights on this topic from Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve.
Related headlines from around the web:
- Investopedia: “Investors' Election Year Worries Could Be Overblown, Experts Say”
- Investment News: “Investors ‘very concerned’ about 2024 presidential election: Survey”
- USA Today: “Price of gold, silver expected to rise with interest rate cuts, UBS analyst projects”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.