If Trump wins the White House in November, gold could leap to $1,450 by early 2017.
And we at Noble Gold couldn’t agree more. If there’s a time to convert existing IRAs or former 401(k)s to a self-directed gold IRA, it would be now.
The Citigroup forecast predicted Republican candidate Donald Trump has increased his shot at winning the presidential election from 35 percent to 40 percent. A similar poll created by Bloomberg Politics said 43 percent respondents claimed they would vote for Trump while 41 percent would vote for Clinton.
While Citigroup forecasts Clinton would hold the tack on policy, leaving expectations of U.S. growth unchanged. But Trump, it says, is a “wild card.” Add a British exit from the European Union into the mix, and global growth could halt for the rest of 2017.
Investors are worried about how Trump would affect the U.S. economy. Add a growing likelihood the U.S. Federal Reserve will hike interest rates by December.
Under a Trump win, Citigroup predicted the price of gold to rise to $1,450 by the first quarter of 2017.
The reason: A Trump presidency could cause increased volatility in bullion and foreign-exchange markets. This in turn should spur higher volumes in other precious metals.
Whether Clinton or Trump can seize the White House, an opportunity has opened for savvy investors. Noble Gold was launched to help investors seize the day to increase their assets.
This year, gold has soared 26 percent after rebounding from three years of losses. With the precious metal now hovering in the $1,320 range, a Trump ticket in this close election could bring bullion to $1,450 by March, a 10 percent jump.
At Noble Gold Investments, we specialize in converting existing individual retirement accounts or former 401(k)s to a self-directed gold IRA.
You can apply for a Noble Gold precious metals IRA on our website, or we can send you an application via email, fax or by mail. Call us for any assistance.