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Gold and That Election Thing

November 5, 2012 in Gold

By Addison Wiggin | 11/05/12 (http://dailyreckoning.com)

“Obama is just the man for the job if you’re hoping for a significant increase in the gold price,” writes Jan Skoyles.

Uh-oh, here we go again: Another reason to “root for” Obama, even if you follow our guidance… and Doug Casey’s… and you don’t vote tomorrow.

Full disclosure: Ms. Skoyles is a Brit — but a highly perceptive one, as you’ll soon see: She heads up research at a U.K. bullion dealer called The Real Asset Co.

“The evidence showing Democrats destroying the dollar more than Republicans, and second-term presidents benefitting gold prices even more during their second innings, is overwhelming,” Ms. Skoyles writes.

“Even though Democrats prove to be the best party for gold investors worried about the gold price, the Republicans don’t do too badly themselves — accounting for a net increase of 121.27% across their terms in office since Nixon, versus 358.68% for the Democrats.”

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