Investor Optimism toward Washington’s Problem-Solving Abilities Is Misplaced

Jon Economy, Gold, Market Commentary, Politics, Precious Metals, Silver

The bullion markets offer their own commentary about conservatives’ state of mind since Donald Trump’s election. They are optimistic for the first time in years. Just look at the sales statistics from the U. S. Mint. Bullion. Coin sales have fallen sharply as investors see less reason to seek safe haven in the form of physical metal.
During Obama’s presidency, and during the campaign when it looked as if Hillary might succeed him, conservatives and libertarians aggressively bought American Eagle coins and other bullion products. The mint set new sales records nearly every year.
The mindset that drove the retail buying changed in November. Consider the February sales figures. Sales of gold American Eagles dropped 67.1% last month versus the same month in 2016. Silver American Eagle sales fell by 74.6%.

This post was published at GoldSeek on 13 March 2017.