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The Price of Gold During Bush’s and Obama’s Terms

By JLP | March 2, 2011

Here is an interesting little chart I put together this morning:

During Bush’s presidency, the price of gold had an average annual gain of 15.45%. During Obama’s 2.11 years (771 days ÷ 365.25) in office, the price of gold has had an average annual gain of 28.78%.

Source: USA Gold

Topics: Economics, Gold, Politics | 8 Comments »


8 Responses to “The Price of Gold During Bush’s and Obama’s Terms”

  1. RA Says:
    March 2nd, 2011 at 3:17 pm

    That’s a chart only interrupted by the financial crisis when gold tanked with everything else. Remove that and it goes straight up. Thank you Iraq and Afghanistan.

  2. Kevin@OutOfYourRut Says:
    March 2nd, 2011 at 8:57 pm

    How would the two administrations match up if you took only the last 2.11 years of the Bush presidency against the 2.11 of Obama? It’s not an “apples to apples” comparison to measure 2 years against 8.

    Gold was pretty tame during the first few years of Bush’s tenure. Even 9-11 didn’t have much of a lasting impact. It didn’t seem to really break (convincingly) to the upside until 2006.

  3. Sam Says:
    March 2nd, 2011 at 10:03 pm

    Wish I had bought some gold 10 years ago.

  4. RA Says:
    March 2nd, 2011 at 10:40 pm

    Looking at JLP’s chart, it appears that gold grew at a rate of roughly 25% under Bush (roughly 275 to 1000) until the financial crisis knocked it back. As soon as assets gained their foothold again, it resumed the high 20% return under Obama until now. It’s been a pretty remarkably consistent uptrend.

    Would be interesting to see a chart of the debt laid over it. Bet it’s a pretty direction correlation.

  5. Bruce Says:
    March 3rd, 2011 at 2:42 am

    Once countries decided to start printing money I bought gold. Once they decide to stop I’ll sell it.

  6. Sam Says:
    March 3rd, 2011 at 9:00 pm

    If you invert the chart, it become a chart of how the value of the dollar has fallen in the last decade. After all, an ounce of gold is still an ounce of gold – only the value of the paper used to buy it has changed.

  7. John Says:
    March 10th, 2011 at 12:31 pm

    When Bush took over the Presidency, he had budget surpluses and no war. When Obama took over, he had record deficits, an economy on the verge of collapse, and two wars. I wonder who did the most damage?

  8. JLP Says:
    March 10th, 2011 at 12:45 pm

    John,

    Bush inherited his share of problems too. Remember the NASDAQ peaked in March of 2000, which was a full nine months before he took office. Then, nine months into his presidency 911 happened. Not the best circumstances to start a presidency.

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