Following Trump's win in the 2024 election, gold sold off it's record highs, causing many to speculate that the bull run in precious metals might be over.

Not so fast according to a recent article from Kitco News. Citing a report from Goldman Sachs research desk:

"While Donald Trump’s election victory and a Republican Party sweep through Congress triggered some selling and profit-taking in the gold market, the investment bank noted that the factors driving gold to record highs have not disappeared.

'The structural driver of the forecast is higher demand from central banks, while a cyclical lift would come from flows to exchange-traded funds as the Federal Reserve cuts,' the analysts said in a note."

As a coin and precious metals dealer interacting with everyday buyers and sellers, I can tell you that I was refreshed to hear the prognosticators of Goldman Sachs validating the common sense truths that get discussed in our office constantly:

For those hyper-economic observers who felt like a Trump win allowed them to take their hand off the panic button, I'd keep in mind that the fundamentals of money supply, inflation and debt will still trend upward in real terms for the foreseeable future.  And the smartest people in the room still keep on buying.

If you are considering increasing your position in gold, silver and precious metals or maybe you are thinking of exchanging fiat currency for real money for the first time, we'd love to connect.  Nashville Gold & Coin is not your typical coin shop or over-the-phone dealer. We offer private, secure and discreet service working one on one with our clients to meet their needs.  Give us a call today at 615-535-2785 or visit our website at www.nashvillegoldandcoin.com.

Nashville Gold & Coin. Nashville's Real Money Source.