American president Donald Trump states that the declining gold price makes it suitable for early purchase.
Former U.S. President Donald Trump has recently made a statement that has caught the attention of the financial world, commenting on the current state of the gold market. Trump believes that the recent fall in gold prices could actually be a strategic opportunity for early investors to make a move.
Trump said: 'Gold is dipping and that's exactly when the smart money starts buying.
Why Is Gold Dropping?
In recent months, gold, sometimes seen as a hedge against inflation and economic uncertainty, has fallen. This drop is due to a number of factors including a strong U.S. dollar, rising interest rates, and shifting investor sentiment toward riskier assets such as stocks and cryptocurrencies.
Trump, however, believes this dip is temporary and that it could even be artificially induced. “They don’t realize how manipulated these markets can be.” Gold always comes back strong. He said it was ‘real value, real security’.
Trump’s History with Gold
Trump has a history with the precious metal. In fact, the Trump Organization has accepted gold bullion as rent payment for some properties in the past. He also has a penchant for symbolism, and his residences and hotels often have opulent gold decor to denote luxury and power.
But today, his comments are more than about aesthetics. They are a strategic viewpoint: buying gold when prices are low is a long term play to protect wealth.
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