Gold investors should be thankful the GOP lost

Zero Hedge charted what has happened to gold prices under Democrat and Republican administrations over the last 50 years.

It turns out Democractic administrations have generally push bullion higher, so the recent election should give gold investors a lot to cheer about:

So a different question is: should gold bugs be more excited by a democrat or a republican president. The answer is self-evident: of the $4000 inflation-adjusted increase in gold price since gold was floated by Nixon, a solid $3000, or 75% of this rise, has taken place under Democratic administrations. So dear gold bugs: stock pile that physical and cheer on Obama and hopefully his democratic successors. At this rate, gold (and ostensibly all other precious metals) will outperform every single asset class known to man (sorry Buffett).

See the chart after the jump>>