The Day After Election What Should You Do Learn What Really Matters

JH: My name Jack Hanney, Senior Partner at Patriot Gold Group, the day after the most historic election on record. President-elect Trump will take office in January of 2017. As most are replying to comments on social media, talking about the election the smart money is diving headfirst into gold and silver. The Dow futures pulled back 800 points last night. Gold was up $60 an ounce.

Forecasts are coming in for gold at $18.50 an ounce Q2, 2017. Keep in mind Trump’s commitment is to rebuild the infrastructure of America. Eerily reminiscent of FDR’s New Deal which could lead to inflation of 20% to 25%. Trump’s platform is also to oppose NAFTA and Free Trade Agreements with China. China is the largest holder of U.S. debt and could dump 3 trillion U.S. treasuries.

A report surfaced yesterday, that the Indian Prime Minister has taken the 500 and 1000 note rupee out of circulation. Keep in mind, earlier this year, the European Union decided to do away with the five hundred euro note and Larry Summers has been advocating for the abolition of the $100 and $50 bill. The international war on cash was forecasted 18 months ago.

Phase one, link the free movement of cash to terrorism. Europe stated when they decided to abolish the five hundred euro note, law enforcement officials have argued that the big bill facilitates crime. India stated the move to restrict the circulation of large denomination currency notes represents a major step in the government’s fight against black money. Larry Summers and the U.S. stated it’s easier for criminals and terrorists to move a lot of cash illicitly in large bills.

So as everyone is talking about the election, there is an international war on cash right now. A systematic war of devaluing and debasing currencies. So when you take President-elect Trump, rebuilding the infrastructure, the inflation that will come as a result of the Fed printing 9.5 trillion, as well as Trump’s commitment to rebuilding the infrastructure, his opposition to NAFTA and the international war on cash, there has never been a more imperative time for safe haven assets like gold and silver.