menu-control
The Jerusalem Post
The Jerusalem Post: Business and Innovation

Rosenberg: U.S. election will be heavily contested

 
 Rosenberg: U.S. election will be heavily contested (photo credit: PR)
Rosenberg: U.S. election will be heavily contested
(photo credit: PR)

An economic consulting firm founder expects legal challenges to result from U.S. election, opening door to higher precious metals prices

Rosenberg Research President and Founder David Rosenberg told the Financial Post last week that the upcoming U.S. presidental election could bring uncertainty into the equities markets and, by nature, higher precious metals prices.

“We’re going to wake up on Nov. 6 and probably not know who the president is,” he said. “It looks very tight. The Democrats and Republicans absolutely detest each other like we’ve never seen before — there will be legal challenges and recounts coming.”

 Gold prices are trading just shy of $2,750 on Monday morning (Source: TradingView) (credit: PR)
Gold prices are trading just shy of $2,750 on Monday morning (Source: TradingView) (credit: PR)

He went on to say he expects the upcoming month to be similar to “Gore v. Bush circa 2000 on steroids,” referencing the contested election that ultimately ended when Al Gore conceded the election to George W. Bush.

What happened in 2000?

Gold prices performed well during the contested election between Gore and Bush, with equities prices dropping for about four to six weeks while the uncertainty carried on.

“The dollar went down,” Rosenberg said. “Volatility rose sharply, but gold acted as its usual refuge in a time of instability and gold was a very good place to be.”

He called the potential uncertainty resulting from the election results to be a “primary risk.

“We won’t know who won the day after and it will trigger a flight to safety and voltatility.”

Featured Gold & Silver Investment Companies (Ad)

Augusta Precious Metals(Full Review)

Fees:

$0 (10 Years)

Minimum:

$50,000

"Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings

Expand DetailsRenowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.
Fees:

Vary

Minimum:

$25,000

Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee

Expand DetailsFrom precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ years

American Hartford Gold (Full Review)

Fees:

Vary

Minimum:

$10,000

American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..

Expand DetailsWith over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee

This article is for informational purposes only. The opinions and analysis herein are those of the author and are not financial advice. The Jerusalem Post (JPost.com) does not endorse or recommend any investments based on this information. Investors should consider their financial situation, investment goals, and risk tolerance before making any decisions. Consulting a qualified financial advisor is recommended. JPost.com is not liable for any investment losses from using this information. The information provided is for educational purposes only and should not be considered as trading or investment advice.

×
Email:
×
Email: