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« Gold and Silver Prices Set to Rocket to Higher Ground | Main | Why do the Germans want their gold back? »
Monday
Nov052012

A Romney Victory – Worth a Punt


The presidential elections in the United States are down to the last knockings and the race is far from decided. The polls are conflicting at best and misleading at worst. If it is indeed ‘neck and neck’ or ‘too hard to call’ or ‘within the margin of error’, then in a two horse race, both contenders should be even money.

Now, if we take a quick look at what the book makers are offering we see that Paddy Power over in the UK are offering 3 to 1 on a Mitt Romney victory and 2 to 9 on a Barack Obama victory. So, if the odds offer a larger return on Romney and he has even money chance of winning, then we think it is worth taking a punt on a Romney victory.

Keep it small and don’t bet the ranch, after all what do we know!

Stay positive, think precious metals, and avoid the folding stuff.

So if we have stimulated your interest then please feel free to add your comments as they help to stimulate and widen the debate, thanks.

Have a good one.

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Reader Comments (7)

Paddy Power is paying out already on bets on an Obama win!

November 6, 2012 | Unregistered CommenterAJ

All UK bookies are backing Obama to win, not just Paddy Power. All bookies are quoting around 9/2 for Romney and 1/7 for Obama. See www.oddschecker.co.uk

How often are ALL the bookies wrong??

Why would you bet on Romney?

November 6, 2012 | Unregistered CommenterJULIAN SMITH

Ever since there was online betting, I have been following Intrade re elections. In 2008 they were just 1 electoral vote off of the final total, and as far as I can tell, have nevet failed to correctly predict the outcame of a political race. They are at present offering over 2 to 1 in favor of Obama. So as money talks, I hope you continue to do better with your option trades than with your political predictions. Then again, maybe tomorrow I'll have to apologize.

November 6, 2012 | Unregistered CommenterHappyLeader

I'll take the "hope" and the gold. You keep the "change". Romney in a landslide.

November 6, 2012 | Unregistered CommenterRon Parrish

Good link with Paddy Power. I think that Intrade may give more of a market sentiment to the election. Intrade is now showing an Obama victory of 70% chance.

But what this means for gold is a good question. My thoughts is that a victory either way wont really matter. Both candidates are so close to each other in philosophy, I dont think it will matter much. Gold is going up, up, up. The dollar down, down, down.

November 6, 2012 | Unregistered CommenterNickle Pierce

Julian,

Indeed you are correct in that you rarely see a poor bookie, however, we think it will be a lot closer than the odds suggest, anyway we'll soon know.

Enjoy the day,

Bob K

November 6, 2012 | Registered CommenterGold Prices

Ive just had a look at the Paddy Power website and as far as I can tell they are still taking bets;

Obama is 1:6

Romney is 4:1

maybe our UK readers are closer to it and have their finger on the pulse?

November 6, 2012 | Registered CommenterGold Prices

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