Park Avenue Numismatics
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11.10.26 - Blue Asteroid, Gold Bullion
11.10.26 - Blue Asteroid, Gold Bullion
Gold last traded at $4,031 an ounce. Silver at $51.51 an ounce.
Blue Asteroid, Gold Bullion - Daily Reckoning
by Byron King
"Democracy is the theory that the common people know what they want; and deserve to get it good and hard."
So said Baltimore journalist and wordsmith H.L. Mencken (1880 - 1948), who plied his trade in the 1910s through 40s. In other words, people get what they vote for; and, often as not, they inherit consequences that the campaign speeches and brochures conveniently omit.
And America definitely voted last week. The result was a Blue Wave, or as one wag called it, "a Blue Asteroid."
Should half the country man the lifeboats? Well… let's not go overboard. America has had a two-party system for a long time, and in some eras Republicans prevail while other times it's the Democrats. For investors, the mission is not to celebrate or mourn; it's to figure things out and get ahead of events. So, let's do just that (and a hint: gold should do well.)
