Thursday, December 15, 2011

Wouldn't this be Bullish for Precious Metals?

All of us SD readers, for the most part, want Ron Paul to win the 2012 Presidential Campaign.  Additionally, we all (I hope) hold a good stack of silver with diversification (as the experts in some gold, platinum, and any other physical asset we can get our hands onto.  Interestingly, I have found little coverage on the effect of next year's election on the prices of precious metals.  What if we get our wish of Ron Paul winning presidency in 2012.  What will the price of silver and gold be trading at?  Will it open up an opportunity for the cartel to smash the price of silver through the floor?  Paul would no doubt be great for this country and the country should be ahead of our personal wealth.....

One thing is for sure, Gingrich isn't worried about the budget deficit.

The tax plan proposed by Republican presidential candidate Newt Gingrich would add $1.3 trillion to the U.S. budget deficit in 2015 alone, a new analysis shows, complicating his goal of balancing the government’s books.
The analysis by the nonpartisan Tax Policy Center compares the federal government’s take under Gingrich’s proposal with projected U.S. revenue if current tax law ran its course and existing income tax cuts expired as scheduled after 2012.
The study found that Gingrich’s plan to lower the top individual rate to 15 percent and eliminate taxes on capital gains and estates would push federal revenue for 2015 below the government’s fiscal 2011 collections as a share of the economy. Federal revenue is near postwar lows because of the economic downturn. 

Read More from Bloomberg

Oh yes, and let's not overlook this video...2012 Republican presidential hopeful Newt Gingrich was forcefully questioned by Bob Schieffer on Face The Nation over $500k Jewelery.

Click here for Video

Open thread to discuss your predictions of precious metal prices with the corresponding presidential nominee below.