Gold Sharply Higher AGAIN as America Heads to the Polls

Last week we reported that the sharp sell-off in gold produced a great buying opportunity for investors.

Evidently, lots of folks agreed, because yesterday spot gold was up $8 per ounce and today spot gold rose more than $29 per ounce as bargain hunters flocked to the market to accumulate gold.

Investors were no doubt motivated not just by the buying opportunity prompted by last week’s correction, but by what the future holds.

No matter who wins the election today, at the end of the year, the US is still faced with the so-called “fiscal cliff,” which will prompt $400 billion in spending cuts and tax increases. And even those measures will do next to nothing to ease our national debt burden.

There are 17 trillion reasons to own gold.

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