With President Obama safely back in the White House investors in precious metals can justly feel that the president’s promise that ‘the best is yet to come’ is aimed at them. For gold and silver outperformed every other asset class in his first term, and there is nothing like political continuity.
Investors in precious metals have pretty much doubled their money since Mr. Obama was first elected. In that same timeframe US equities have been on a roller-coaster ride to nowhere. Bonds have done better but nowhere near as good as gold and silver.
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