Trump Tax Plan Could Make Gold Great Again

I believe the argument for investing in gold remains compelling both in the near- and long-term, and a Trump tax-reform plan should only help.

Gold is already off to a good start in 2017, up some 8.5% so far to about $1,250 an ounce. Those strong gains follow a year where the metal also rose 8.5% during 2016 despite a poor fourth-quarter showing.

There are several reasons why I believe gold will move even higher both short- and long-term, but let’s focus on the current consensus as to why gold is rallying — inflation. Gold has long been used as a store of wealth and hedge against inflation and that trade seems to be back in vogue.

 

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source: https://www.thestreet.com/story/14020321/1/trump-tax-plan-could-make-gold-great-again.html

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