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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 368.12

-0.5%

Oct 31 5:00 PM EST

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From: bull_dozer	4/6/2019 1:54:05 PM
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Trump’s Fed Picks Have Fond Memories of the Gold Standard Stephen Moore and Herman Cain are outside the economics mainstream in wanting to peg the dollar to gold. Trump’s other pick is even more of a shock to the establishment. Bloomberg News and other news media reported on Thursday that Trump intends to nominate Herman Cain, former chief executive officer of Godfather’s Pizza, for another open seat at the Fed. Cain ran for the Republican presidential nomination in 2012. He promoted a 9-9-9 plan, which would have replaced much of today’s tax code with 9 percent taxes on sales, individual income, and corporate income. Cain is all-in for gold. In an op-ed for the Wall Street Journal that he wrote in 2012 after he had dropped out of the race for the Republican nomination, in part over accusations of sexual harassment, he wrote: “Gold is kryptonite to big-spending politicians. It is to the moochers and looters in government what sunlight and garlic are to vampires.” bloomberg.com

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