Gold under Democratic vs Republican presidents since 1971
Since Feb 1971, $1,000 in gold held only through Republican presidencies grew to about $16,000, and held only through Democratic presidencies to about $6,600; for silver the order reverses, about $9,100 through Democratic terms and $3,900 through Republican ones.
- Gold · Republican
- $16,000
- 9.2% a year
- Gold · Democratic
- $6,600
- 8.2% a year
- Silver · Republican
- $3,900
- Silver · Democratic
- $9,100
In context
Republican presidencies: Richard Nixon: gold +276.3%, silver +175.0%; Gerald Ford: gold -6.3%, silver +0.0%; Ronald Reagan: gold -22.1%, silver -63.0%; George H. W. Bush: gold -20.0%, silver -39.3%; George W. Bush: gold +201.1%, silver +123.9%; Donald Trump I: gold +60.6%, silver +52.4%; Donald Trump II: gold +55.0%, silver +85.3%.
Democratic presidencies: Jimmy Carter: gold +301.5%, silver +275.0%; Bill Clinton: gold -19.1%, silver +24.3%; Barack Obama: gold +41.8%, silver +59.2%; Joe Biden: gold +42.5%, silver +23.2%.
Each month counts for the president in office that month; the rest of the time the $1,000 waits in cash. The chart's Parties tool shows the same split.
Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast.
Updated Oct 2026 · record through Oct 2026