Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Gold Investors Get Obama Boon

November 8, 2012 by  

Gold Investors Get Obama Boon

Gold prices spiked late Tuesday and early Wednesday morning following the re-election of President Barack Obama as many economists say that Federal Reserve policy will likely continue on a possible course to inflation.

“The outcome of the U.S. election increases the probability that the ultra-expansionary monetary and fiscal policy will continue, which puts pressure on the U.S. dollar and gives buoyancy to commodity prices,” Eugen Weinberg, head of commodities research at Commerzbank said in a report.

Gold jumped to around $1,729 an ounce, its highest level since Oct. 23. U.S. gold projections for December are up $3.70 to $1,718.70 an ounce. Gold prices are up a total of about $54 — 3.2 percent — since the beginning of this week.

As the left/right political paradigm continues to stymie a Republican House and Democratic Senate in coming weeks while lawmakers face tough fiscal decisions, gridlock could drive gold prices to historic highs.

Gold prices more than doubled during the President’s first term in the Oval Office. Some predictions show the precious metal reaching $1,800 per ounce by the end of the year and nearing $2,000 during the first half of 2013.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Gold Investors Get Obama Boon”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.