trump-goldWe should ignore the short term noise of the Trump inauguration next week – although it is set to be compelling box office viewing!
However, it would be imprudent to ignore the likely impact of four years of the Trump Presidency on markets and particularly the gold market.
On Wednesday, we had just a little taste of this when his press conference led to turmoil and massive volatility in markets and gold rising on safe haven demand to over $1,200 per ounce:

panicDeposit bail-in risks are slowly being realized in Ireland, after it emerged overnight that FBD, one of Ireland’s largest insurance companies, have been moving cash out of Irish bank deposits and into bonds.

Sales of the new release Perth Mint’s 2016 Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5 million coins in their introductory first year. Yet sales of the silver coins have already surged to a whopping 10 million coins!