The U.S. political landscape could change course completely, if taking into account the possibility that a Democrat like Elizabeth Warren could win the 2020 presidential election, said Roy Sebag, CEO of Mene.
Sebag added that political and macroeconomic uncertainty could add tailwinds to gold.
“If you begin to consider that Trump will not win this election, and if you look at some of the people on the other side, like an Elizabeth Warren, who I personally think may win this election, you’ll have to consider how the U.S. political landscape, tax landscape, economic landscape looks on day 2 of that election,” he said. “We’re going to see the pendulum swing from where where Trump took things on a tax level, on an economic level, to more government-controlled policies.”
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