Donald Trump is all set to face off against Vice President Kamala Harris in November 2024 after President Joe Biden dropped out of the race. The markets remain on a slippery slope till November as two could dictate different economic terms for the country. The stock market, commodities, gold, and the US dollar are walking on a tightrope. On the heels of the presidential election, analyst Robert Kiyosaki has predicted the price of gold if Donald Trump is elected President.
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What Will Gold Price Be If Donald Trump Wins the Election? Analyst Explains
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Robert Kiyosaki, the author of the self-help financial book Rich Dad Poor Dad predicted that gold prices could turn bullish if Donald Trump gets elected. Kiyosaki predicts that gold prices could touch $3,300 in 2025 if Donald Trump becomes President again.
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“Why gold, silver, [and] bitcoin will rise in price when Trump becomes president again,” the renowned author began explaining. “Trump wants a weaker dollar so America will begin export more than import. With a weaker dollar, jobs will come back and assets will go up in price,” he said.
He then went on to predict that gold prices will climb to a high of $3,300 when Donald Trump is in office. “I predict gold will rise from $2,400 an ounce to $3,300. Silver from $29.00 an ounce to $79.00, and Bitcoin from $67,400 to $105,000 by August 2025.”
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The analyst explained that Joe Biden’s presidency caused more damage to the economy than good. “Biden did the exact opposite. His first act was to kill the Keystone XL pipeline. When Biden killed the Keystone pipeline the price of oil jumped from $30 a barrel to $130 a barrel. High oil prices caused massive inflation wiping out the poor and middle class. Then Biden had to tap into America’s oil reserves because America did not have enough oil,” he said.