During the 2008 presidential election, gold was still around $700/oz. Since then, the Federal Reserve and Ben Bernanke have deployed multiple rounds of quantitative easing, driving the price of commodities and gold up while devaluing the US dollar. As you can see, the price of gold has increased by nearly $1000 since the last election and is likely to continue to rise if Obama is reelected. On the other hand, a Mitt Romney win is expected to bring strength to the dollar which would drive gold's price lower.
