Gold Under President Trump

Here’s an interesting Kitco interview of the author of “Precious Metals Investing for Dummies” author Paul Mladjenovic. In this interview that took place last year, Mr. Mladjenovic argues that the strength of the economy under Trump will boost inflation, leading to a rise in precious metals prices. In this interview, he predicted gold might surpass $1,300, which proved to be correct. His prediction of $25 silver was not borne out, given that silver has lagged behind gold in this new leg of the bull market. However, this can present a good opportunity for silver investors. Mr. Mladjenovic is also optimistic about gold mining companies that are well-run and have good reserves. It is worth noting that some economists believe the U.S. will actually be heading into a recession in the near-future given the long stretch of economic growth lasting almost a decade and the cyclical nature of recessions.