Buy gold off Trump's win, HSBC says; Treasurys still a buy for the long term

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HSBC told investors to buy gold and government bonds on any sell-off as a way to trade the ramifications of the Trump election victory.

"Donald Trump has defied opinion polls and been elected to be the next US president in a Republican 'clean sweep.' Trump's proposed economic and trade policies, if enacted, would represent a sharp departure from the status quo," HSBC's global research team wrote in a note to clients Thursday.

The note said there is the "potential for drastic policy changes, [it] puts spotlight on Fed monetary policy, US fiscal policy, and global growth."

Here is the Trump investor playbook for gold, bonds and the U.S. dollar, according to the firm.