Went on my morning run where I listen to various podcasts. I listened to episode 490 of the Peter Schiff podcast today (little behind which probably means I need to go for longer runs, ha).
Peter about half way through started to talk about U.S Mint sales being down and related it to the fact Republicans are the ones who mainly buy gold. Me thinks he read one or two of my articles on it. 🙂
Gold: One More Dip and It’s Go-ld Time
The Trump Effect On Gold and Guns
I do recommend one listens to Peter Schiff’s podcasts. You can find them here: https://www.schiffradio.com/
Peter also sells gold and I consider him a friendly competitor. There’s enough business go to around.
The only reasons I have this insight on gold and Republicans being the main buyers are the following;
1. KYC – I chat it up with most who buy because of Know Your Customer regulations for Anti-money laundering laws in place since 911. I don’t ask their political affiliation. They tell me. Most who buy are Republicans.
2. I talked to a marketing manager at one of the largest gold dealers in the U.S. (the one the Santa Monica city attorney interviewed me for in suing them for $6 million and winning).
3. Almost all gold dealers (the one who sell high commission coins) advertise on Fox News and right wing radio, not on left wing television shows.
4. My correlation in a past article to the steep decline in gun sales fits as well since most Republicans are also pro-gun. Once Trump got elected, gun and gold sales fell.
Conclusion: We have Peter Schiff and Martin Armstrong both on record that Trump will be one and done. Some Republicans may be seeing the writing on the wall. But in reality, understand that gold sales are not just U.S. centered. Gold is rising in price versus all currencies. I was alluding to this back in February. http://bit.ly/2YBoVB1
I will be adding a paragraph or two in my Profit In Up Or Down Markets book on gun companies. Smith and Wesson, owned by American Outdoor Brands Corporation (AOBC) for example, is trading at 8.27 with a 52 week low of 8.19 and 52 week high of 15.95. There could be a run into guns again the closer we get to election time next Nov. 20th and things aren’t going the Republicans way. The same of course is true for gold/gold mining stocks.
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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