Alternative Assets Shine Amid Pre-Election Market Uncertainty

Oct. 29, 2024 2:54 PM ETGLD, GOLD, XAUUSD:CUR1 Comment
Frank Holmes
4.15K Followers
(7min)

Summary

  • Favor alternative assets like gold, silver, and Bitcoin due to ballooning U.S. debt and geopolitical tensions, which necessitate a strong hedge against inflation.
  • U.S. debt has doubled to 120% of GDP, making it unsustainable long-term without serious government spending reforms.
  • Gold and silver are reliable haven assets, with gold outperforming inflation and global GDP growth; silver's demand is set to rise with green energy.
  • Bitcoin, as digital gold, offers a hedge against fiat currency depreciation and inflation, with growing institutional acceptance and significant upside potential.

Golden Bitcoin Coin and mound of gold

bodnarchuk

With only one week remaining before the U.S. presidential election, there’s a growing sense of uncertainty in the air. Investors are wondering how to position their money, bracing for the possibility of significant volatility and market shifts.

While

This article was written by

4.15K Followers
Frank Holmes is a Canadian-American investor, venture capitalist and philanthropist. He is CEO and chief investment officer of U.S. Global Investors, a publicly traded investment company based in San Antonio, TX, that oversees more than $4 billion in assets (Nasdaq: GROW). He is known for his expertise in gold and precious metals and launching unique investment products. Holmes also serves as executive chairman of HIVE Blockchain Technologies, the first publicly traded cryptocurrency mining company (TSX.V: HIVE).

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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