(Harvest) Gold sold off sharply since the election based on the belief that President-elect Trump will bring higher growth. This sell-off makes little sense for those who understand that gold is an investment in monetary policy failure and the destruction of paper currencies. Central banks remain hell-bent on printing money and creating inflation in order to deal with epic levels of global debt.
Donald Trump’s election not only doesn’t change that reality but likely exacerbates it since the President-elect plans to take dramatic steps to promote economic growth that will further increase US debt. Investors should use recent weakness in gold to add to positions.
