NEW YORK, Nov. 7, 2016 /PRNewswire/ -- The founders of Gramercy Gold, a precious metals dealer in New York City, have just released a thought-provoking article that examines what they believe will happen if Donald Trump is elected President.
To read the article, titled "Gold Prices Will Soar Under Donald Trump Presidency" in its entirety, please check out http://www.gramercygold.com/gold-prices-will-soar-under-donald-trump-presidency/.
As the new article notes, Trump has been very clear about his opinions on trade and the American Dollar. These views should have a positive impact on the gold market. More specifically, there are two key ways that having Trump in the Oval Office will lead to a rise in the price of gold.
First, gold is a hedge against a bear market.
"Gold has a long tradition of being used as an alternative investment to stocks during bear markets or times when risk is perceived to be especially high," the article noted.
"Because Trump has proposed higher tariffs on imported goods and ultimately, the changes he plans on making are unclear, the stock market is sure to respond negatively to him winning the election."
The second reason gold may soar during a Trump presidency, the article said, is because a weaker dollar typically causes the price of gold to increase.
"Trump as a president is seen to portend a weak dollar because he has expressed an interest in making our currency more competitive with China's," the article said.
"If China is unwilling to allow their currency to re-value (which is their current stance), the other option is for us to depreciate the U.S. dollar. Trump has expressed his willingness to do this."
If Trump is elected, the article advises, people should follow the lead of other investors and take a stake in gold as soon as possible, before the prices really start to rise.
About Gramercy Gold:
Gramercy Gold is a gold, silver and precious metals dealer located in New York City. Gramercy Gold specializes in selling gold for investment purposes and providing gold to IRA rollovers. Please visit http://www.gramercygold.com or call 1-855-460-5239 to begin investing in gold today.
41 Madison Avenue, 31st Floor
New York, NY 10010
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gold-to-set-new-all-time-highs-if-trump-wins-says-new-article-by-gramercy-gold-300358145.html
SOURCE Gramercy Gold