Political

How the Trump Verdict Could Impact Gold, and Your Finances

Trump guilty verdict

Donald Trump has the unfortunate distinction of being the first former President to be convicted of a crime. And no matter how weak the case may have been, or how badly the deck was stacked against him, he now has to deal with the fallout of the jury’s decision.

But he’s not the only one who has to deal with the consequences of that decision. His conviction will have a very real impact on November’s Presidential election, and could have a significant impact on financial markets.

It’s very likely too that the verdict, and the fallout from it, will impact gold markets as well. And here’s how all of that could play out.

It Isn’t a Done Deal

The first thing to realize is that this verdict isn’t final. President Trump will appeal, and many experts claim that he has very strong grounds for appealing.

From the judge’s bias, to the jury instructions, to the actions of jurors, and even to the basis of the charges themselves, there are numerous problems with the case against President Trump. But that’s to be expected when you have prosecutors who were apparently trained in the school of Lavrentiy Beria.

Rather than finding solid evidence of criminal behavior, they concocted a novel theory and hoped it would stick. Given the venue, ultra-liberal New York City, the odds of finding anyone who would acquit President Trump was always going to be slim, and the pressure on any holdout jurors would likely be immense.

Because of these issues with the trial, there will be a lengthy appeals process. Things will first have to work themselves out at the state level before federal appeals courts and the Supreme Court get a crack at things.

Or at least, that’s how it’s supposed to work. Given the fact that a convicted felon President could be a hindrance to the operation of the Office of the President, if President Trump were to win in November it could cause the courts to have to fast-track the appeals process, as the idea of a state court being able to hinder the operation of the federal government in this manner would bring up significant separation of powers issues.

Movements throughout the appeals process will undoubtedly impact the minds of voters, but how exactly they’ll respond is up for debate. There are certainly many people who have decided that the guilty verdict has strengthened their resolve to vote for Trump, to give a big middle finger to the establishment political class that has had the long knives out for Trump since 2016.

But there are also those who have grown disheartened at Trump’s ability to win, thinking that his felony conviction will make him unelectable. And many of those people may lack the willpower to vote for him and could end up sitting out the election.

These electoral impacts could very well impact financial markets in the approach to the November elections. But that isn’t where the real impact to gold markets is going to be.

Can You Trust the Financial System?

One significant result of the Trump conviction that many on the left don’t seem to comprehend is that it has eroded trust in the legal system. For eight years we have witnessed Democrats in Congress, federal prosecutors, and now local prosecutors, trying to use the legal system to stop President Trump.

They’ve been using the legal system to engage in “lawfare,” and it’s a perversion of the rule of law. As a society we seem to have forgotten the purpose of law, that it is the shield of the innocent and not the sword of the state.

As the famous dialogue between St. Thomas More and his accusers goes in A Man for All Seasons:

William Roper: “So, now you give the Devil the benefit of law!”

Sir Thomas More: “Yes! What would you do? Cut a great road through the law to get after the Devil?”

William Roper: “Yes, I’d cut down every law in England to do that!”

Sir Thomas More: “Oh? And when the last law was down, and the Devil turned ’round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man’s laws, not God’s! And if you cut them down, and you’re just the man to do it, do you really think you could stand upright in the winds that would blow then? Yes, I’d give the Devil benefit of law, for my own safety’s sake!

Too many people in our society are willing to use the legal system as a cudgel to batter their opponents. And the realization that our legal system has been weaponized is undermining trust that many people once had in the fairness of our laws.

But it’s not just the courts whose legitimacy is coming into question. The behavior of police killing innocent homeowners or otherwise acting as unthinking enforcers of the state is leading to an erosion in trust in police.

The collapse last year of two large regional banks helped undermine trust in the banking system. And the continued impact of inflation on Americans’ pocketbooks is undermining trust in the Federal Reserve’s ability to keep inflation in check.

In short, institutions that many Americans reflexively trusted are no longer being considered trustworthy. Many Americans fear that the court system won’t judge them fairly, they fear that they may be targeted for their political views, and they no longer believe that their money is safe in the banking system.

That’s why many Americans today are looking for alternatives. And one of those time-tested alternatives is gold.

As trust in the financial system continues to erode, demand for gold may continue to increase. And that increasing demand could push the gold price ever higher.

Whether you choose to protect tax-advantaged retirement savings with a gold IRA or choose to buy gold coins and bars to store at home, gold has served as a safe haven asset and a store of value for centuries.

If you’re worried about the safety and security of your financial assets, as many people are today, maybe it’s time for you to start thinking about gold. Putting your trust in legacy institutions that don’t always have your best interests at heart could be like playing with fire.

Gold, on the other hand, doesn’t care who you are or what your political beliefs are. It just sits there continuing to gain value decade after decade, outpacing inflation and providing a sense of financial security and stability no matter how turbulent the world outside becomes.

Many Americans have already helped protect their financial well-being with gold, both through gold IRAs and through buying gold directly to store at home. No matter how you choose to buy gold, Goldco can help.

Goldco has made over $2.5 billion in precious metals placements, and with over 6,000 5-star reviews from our satisfied customers we have made ourselves one of the biggest and most trusted gold companies in the country.

If you’re looking to protect your financial well-being with gold, call the experts at Goldco today to learn more about the many benefits of owning gold.

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