Silver and Gold Top Assets During Obama’s First Term

November 20th, 2012 by

Right after the U.S. Presidential election, Jim Reid from Deutche Bank put together a chart to show how various assets fared during Obama’s first term in office, with an eye towards what to consider for the next four years. Interestingly, silver trounced all comers, posting a 211% increase Election Day 2008 to Election Day 2012.  Silver actually hit its peak in April 2011 at 340% over November 2008, before dropping 38%.  The second-best performing asset was gold, at 124% increase, starting at $751/oz on November 4, 2008 and ending $1683/oz on Election Day 2012.

With the dollars from four years worth of unprecedented quantitative easement already in the system, one wonders what this chart will look like in four more years?

by David Peterson