Posted 8th noviembre 2024

How the 2024 US Election Result Could Impact Gold Prices

kevin

GoldPrecious Metals

Gold Is Money, and Fiat Is Fragile
 

Today, the US government officially announced a sweeping new wave of tariffs targeting strategic imports from China and other nations. These include increased duties on electric vehicles, semiconductors, solar panels, and key raw materials. While some portray this as "economic patriotism," the reality for American consumers and investors is stark: higher prices, more inflation, and diminished purchasing power.

Trump tariffs
What's Really Going On?

Tariffs are taxes, period. They might be aimed at foreign exporters, but make no mistake???⑤슢?ょ춯瑜귣ぎrican consumers and businesses bear the burden.

This round of tariffs is designed to bolster domestic industries before further political maneuvering. But it comes at a time when:

The Federal Reserve continues to wrestle with persistent inflation

The US dollar faces increasing distrust abroad

The US national debt has surpassed $35 trillion

Global de-dollarization is accelerating, with BRICS+ nations pushing for gold-backed trade

The Bigger Picture: Inflation Is Back

Tariffs inevitably raise the cost of imported goods, which companies then pass on to consumers. That's basic economics. You get persistent, structural inflation when combined with a government that creates currency at unprecedented rates.

dollar decline due to tariffs
For savers, retirees, and anyone holding cash in a bank, you're the one being penalized.

Your dollars purchase less, your actual returns diminish, and your financial future becomes increasingly dependent on political decisions and Federal Reserve manipulations.

What This Means for Gold and Silver Investors

If you're holding physical bullion, you're already positioned advantageously.

Gold doesn't require a central bank, and silver doesn't need stimulus plans. Precious metals inherently preserve value?遊쿴ey thrive when fiat systems falter.


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