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.