President Obama and gold
At Kamaaina Loan, we are always interested in gold —
buying it, selling it, lending money on it. But not in
predicting where the price is going.
Not everybody is so cautious. Consider this quote from
the financial advice service Seeking Alpha:
the reality is that President Obama is good for precious metal prices.
We’re not saying he is or he isn’t, but that’s short
and easy to remember. Remember that gold
was around $1720 an ounce on Election Day, but
it had varied by $75 up and down over the past
30 days. It’s about $1729 as this is posted.
Let’s see where it goes from here. Meanwhile,
if you need cash, we have it and will exchange
it for gold at the going rate.
Read the whole article at: http://seekingalpha.com/article/1003041-2012-election-president-obama-and-precious-metals
Is this the future of gold prices?
