Sell your gold now!
Why? It's simple, really. Since Obama's election, conservative media outlets have been touting the buying of gold, mostly on the grounds that they think Obama will destroy the dollar, and that gold will be the safest investment for the future. It's a version of the golden rule -- whoever has the gold makes the rules -- but in truth, the conservatives who push gold were likely heavily invested in gold to begin with before they started pushing it as an investment strategy.
Historically, precious metals investing has been a good hedge against inflation. Buy gold or silver, and as the dollar devalues and prices go up, you end up retaining the same spending power safely. Then, when the economy stables, you sell the gold or silver at a nice profit, though in fact you are not really making a literal profit, but are only breaking even in terms of buying ability.
But this latest spike in gold and silver prices is caused by something else. It's not inflation, because we don't really have a big problem with that (except with gasoline prices). And it's not an unstable economy, because it's been showing signs of recovery for quite some time now. No, this spike in precious metals prices has been caused solely due to the Tea Party movement. Convicned that Obama is about to ruin everything, or that Obama is the Antichrist, or some other disaster involving Obama is impending, they buy up all the gold and silver they can, preparing for the cataclysm to come. Demand goes up, supply stays the same, so the price jumps. Basic economics.
Problem is, the feared chaos will never get here. The economy is stabilizing. The disaster predicted with healthcare reform did not happen. Transitions to hybrid and electric vehicles will soon make higher gasoline prices less relevant. And best of all...
Obama is the president that got Osama Bin Laden!
That marks the end of the big push for the wars in Iraq and Afghanistan. Our troops will begin to come home. The biggest budget-buster of all time, initiated by George W. Bush, will finally cease to drain the lifeblood out of the nation's pocketbook. We will have a balanced budget before Obama's second term is over, with a budget surplus, just as it was under Clinton.
In other words, there is no more reason to panic.
That means the wise investors are selling their gold -- while the price is still high. With the panic over, and the storm clouds of impending disasters having blown by, we see sunny skies. The price of gold is about to DROP. FAST!!!
Oh, maybe gold will continue to climb just a bit more over the very short term. The pan-Arab revolt to democracy still has a lot of people worried, particularly in how it will play out in Egypt and Syria. And the brouha with Netanyahu over the Israeli borders will rattle a few nerves. But the fact remains that America is stabilizing, China's never going to take over, the national budget will cease to be upside-down, and the dollar will be secure.
So clear is this future that Republicans can't find a decent candidate to challenge Obama. Many Republicans don't want to. They don't dare! Face off against an incumbent who saved the economy and killed Bin Laden? No way! Who'd want to run into THAT buzz-saw?
So if you've invested in gold, now's the time to sell. Take your profits while you still can!
And watch while all the tea-partiers, who will refuse to sell in their anti-Obama delusions, take a huge loss when the price tumbles.