Gold: Investment at the biggest potential of 2017
Instead of choosing a stock, our candidate for investment at the biggest potential in 2017 is gold. On the basis of the ETF GLD, we can see that gold is up 7% last year. Yet, the yellow metal has declined at an annualized rate of 3% and 7% respectively over the past 3 and 5 years. After experiencing a bear market following its peak of about $ 1,900 in September 2011, I think gold reached its lowest in December 2015 at $ 1,050. It is now on an upward trend; that's why we love gold at its current price of $ 1,242.16. US and Chinese inflationary policies will generat e speculative flows to gold It is estimated that the tax cuts for President Donald Trump will increase the federal debt by $ 7.2 trillion over the next decade and up to $ 20.9 trillion by 2036, all this in addition to 19 trillion already existing. In the absence of such additional spending, since the modern era, Congress has never managed to implement tax cuts without lower tax revenues.