Other than a guy like Ron Paul, it will not matter much to the price of gold and silver who takes the presidency.

Either will inherit a country with a debt the size of Mount Rushmore, each will be forced to increase taxes and both will find a way out of Iraq by the end of their first term. Sadly, I think theirs a good chance that neither will live to see a second term, one for natural reasons and the other... well... you know.

Gold may bounce around on geopolitical concerns and act inverse to the dollar but ultimately, the main driver will be inflation as inflation is the only true measure of a currencies value.

The USD is not actually rising now. If it were, that would mean that the cost of goods would be decreasing. IE: if your dollar is really worth more, it should buy you more. But that is just not the case. It buys less and less and less. $1.00 US buys less gas, less bread, less of a car, less fish, less beef, less potatos, less tomatos, less of almost everything except a Dell computer.

Your burned out scrapped car is now worth more than it used to cost to actually buy a new car. Yes, that's going back a long time but the fact is a dollar is not increasing in value.

Right now, we simply have a situation that some other currencies are falling a little faster than the dollar. That's it.

Investors are starting to realize this. They're starting to think differently and know that the real value of the dollar has to be measured in terms of what it can buy. How much gold it can buy is a pretty fair measure. At some point, people will stop looking at the basket of currencies they measure the dollar against.

Obama and McCain can do very little to stop inflation. If the economy tanks, it will settle inflation. If it picks up, then inflation will also pick up. The US dollar may strengthen vs the Euro for a short time but then one would expect the European economy to also strengthen if the US economy is, which would mean more demand for material goods, which would equate into higher inflation. There is no way out of this.