I was recently told by my LCS that Gold and silver prices tend to spike in November of the years that a presidential election takes place since people often become scared that the economy will go in the crapper. But I tried to look at the historical prices, which give me gold prices on a 1 month interval, I didn't see any noticeable difference before and after elections. For all you seasoned investors out there, what's your take on this claim?
I was wondering the same thing as I just started investing in PM's this January. Can probably pull up a chart from Kitco.
I got encouraged a few weeks ago when gold went up to $1,350. But now at $1,314 it looks like the same old roller coaster. I'm not too sure the elections will do much of anything. PMs sometimes go up a bit in the fall anyway.
I used to make this claim, jokingly, but it really boils down to one thing. Those who are claiming the "sky is falling" are just trying to sell something. Chris
