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Re: FDA SUCKS post# 1576

Wednesday, 02/08/2017 8:27:23 AM

Wednesday, February 08, 2017 8:27:23 AM

Post# of 2206
This means when trumps get close to cut tax, gold will go down some...

Uncertainty over whether Trump will back the House Republican tax plan is another reason Druckenmiller bought gold, he said. The Republican leadership has proposed a 20 percent border-adjustment tax on imports as a way to encourage more manufacturing in the U.S. If instituted, that plan could lead to as much as a 25 percent gain for the dollar, according to various analysts, which would - in theory - lead to a crash in the price of gold. Needless to say, Druckenmiller is therefore not a believer that the BAT is coming any time soon.