Donald Trump Loves Gold, and Not Just on His Real Estate
It isn't one of the talking points his communications office has addressed, and it hasn't been the subject of impromptu remarks at speaking engagements. Nonetheless, it's clear that Donald Trump adores gold. In September 2011, he accepted a security deposit of $176,000 in the form of gold bullion. And in a 2016 interview with GQ, he opined: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We'd have a standard on which to base our money."
This is insufficient material, though, for us to be sure of his stance. Rather, it's his comments regarding the dollar -- and commerce in general -- that provide enough substance for us to discern his perspective. Since the price of gold often moves in opposition to the value of the dollar, it's logical to conclude that his comments, or actions, that adversely affect the strength of the dollar will, consequently, benefit gold prices.
So let's grab our shovels and unearth the evidence proving that Trump is an aficionado of gold.
Source: Fool.com
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