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A complete Autonomous move would enforce regulations that would make it challenging and less profitable for extracting business to run, claimed Ryan Giannotto, director of research at GraniteShares.
Nevertheless, the gold bullion need to still do well despite which party takes control of the White Residence, considered that historically, gold has rallied in the years following a political election for both Democratic and also Republican success.
0:00 – Gold's performance in previous political election cyclces
2:59 – Gold did better in GOP success in very first 24 months after election
4:33 – Can this year coincide?
6:30 – Mining companies go to risk if Democrats sweep
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Biden could bankrupt gold stocks, warns expert, but what is the bullion’s fate?
A full Democratic sweep would impose legislation that would make it difficult and less profitable for mining companies to operate, said Ryan Giannotto, director of research at GraniteShares.
However, the gold bullion should still perform well regardless of which party takes control of the White House, given that historically, gold has rallied in the years following an election for both Democratic and Republican victories.
0:00 - Gold's performance in prior election cyclces
2:59 - Gold performed better in GOP victory in first 24 months after election
4:33 - Can this year be the same?
6:30 - Mining companies are at risk if Democrats sweep
_________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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