Mainstream economists apparently have the memories of goldfish. Either that or they are willfully parroting the Keynesian line that all government spending has the intended beneficial effects because government statistics said so. It seems to get worse running up to an election, oddly enough. Be careful who you listen to these days when deciding your vote or your investing strategies. Probably disregard most of it.

For example, it would be easy for the low-information investor to read a casual little piece of business “news” like this, from AP Economics reporter Martin Crutsinger, and think that everything is just ducky:

“The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond.

The result isn’t a fluke.

It turns out the world’s biggest economy did a lot of things right after the Great Recession that set it apart from other major nations. In the view of many economists, those key decisions, particularly by the Federal Reserve, appear to be paying off now.

An improving economy led the Fed on Wednesday to end its stimulative bond buying program. Launched during the 2008 financial crisis, it was an unprecedented and aggressive effort to revive a dormant economy by buying trillions in bonds to reduce long-term interest rates…”

Wow, so government really did save us! (Crutsinger, by the way, says this kind of thing all the time.) Why on earth would we end QE and low interest rates and government spending ever ever ever? It’s so great for the economy! It’s right there in the numbers and the numbers don’t lie!

Except, actually, when they do. Only it’s not called a lie in finance. It’s a revision. And GDP numbers get lots of them. They get revised every month and can see some pretty significant changes. But the most dramatic revisions happen to “historical” data – data so old that no one currently in power is likely to feel any negative repercussions from The Truth.

Keep in mind that revisions on this latest GDP number will come after the election, probably very quietly, and who knows what it will say. Don’t let these dramatic happenings just before an election sway your vote or your money too much. Note how politicized the ebola scare became with one side whipping up their base with fear and outrage over the administration’s supposed under-response.

The truth is more Americans have been married to Kim Kardashian than have died from ebola. Is it worth freaking the heck out over?

Or is it just October in an even numbered year?

Similarly, don’t let the election year/month gas prices lull you into a choice in the voting booth either. Many have noticed a trend. Politicians and their cronies in various bureaucracies, care a whole lot about gas prices around election day especially. Some presidents even monkey with our strategic oil reserves to schmooze the vote their way.

Enjoy the ride, certainly, but don’t let it figure into your voting decisions. Vote on neither fear nor relief. October leading up to elections in November is a strange month.

Speaking of enjoying the ride and taking advantage – look at the gold prices right now!  Below $1200 an ounce! Remember, it costs $1300 to dig it out of the ground, so this price cannot mathematically last for very long. You would expect the powers that be to shake confidence in sound money in favor of their fiat nightmare. What they are really doing is putting it on sale for you. The smart investor is not shaken or swayed by these silly electoral political economic games. Gold is for the long haul, and the dollar-cost-averaging gold investor just hit the jackpot.

So fill your tank on the way to the polls on November 4th. And between now and then, be sure to put in an order for as much gold as you can manage. Prices on both these commodities will likely not last. Don’t let the election hype dissuade you from what you already know about the direction of our economy, the dollar and gold.