James Rickards, economic and monetary expert, joined Francine
Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he
will be good for markets, the economy and for gold.
Rickards said that Trump’s Presidency , which he predicted, will be good
for gold as he will be the ‘Helicopter Money President’ and he will
spend dollars on U.S. infrastructure and the U.S. military. This will
cause inflation which will benefit gold:
“Trumps individual policies sound attractive. Who does not want better
infrastructure? Who does not want better defense?
But when you add them all up, this is going to mean much larger
deficits.
He is the ‘Helicopter Money President’ … the irony is that people like
Larry Summers and Paul Krugman are bashing Trump and Summers
compared Trump to Mussolini and yet Trump’s policies are Larry Summer’s
policies – more deficits, fiscal spending, helicopter money …”
Rickards is a regular commentator on finance, and is the author of
The New York Times bestseller Currency Wars: The Making of the Next Global
Crisis, published in 2011, The Death of Money: The Coming Collapse of the
International Monetary System, published in 2014, and The New Case for Gold,
published in 2016.
“The New Case for Gold,” outlined why he believes gold is going to
$10,000/oz in the coming years and why the number one reason to buy gold
bullion given the new risks in the 21st century digital age is “cyber financial
warfare.” This poses risks to investors’ and savers’ assets that are held
online. Tesco deposit account holders will agree with that after they were
hacked and account holders have had funds stolen directly from their
accounts.
Owning gold bars and coins in your possession and owning gold in
allocated and most importantly in segregated accounts will continue to
protect and grow wealth in the coming years.
Bloomberg have split the interviews into two – Watch and
Jim’s newest book, The Road to Ruin will be published in
November and he is appearing at Kilkenomics 2016 where he
will speak at a number of events.
Kilkenomics was Europe’s first economics festival and is taking place
November 10th (Thurs) to November 13th (Sunday) in beautiful Kilkenny,
Ireland.
Often referred to as ‘Davos with jokes’, Kilkenomics brings together
leading economists, financial analysts and media commentators with some of
the funniest stand-up comedians around.
This year GoldCore are one of the sponsors and are speaking on a panel with
Jim Rickards and David McWilliams, the founder of Kilkenomics, on the Saturday,
November 12th at 3pm. Click here for more info:
More information about the event and bookings can be made here
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Gold Prices (LBMA AM)
11 Nov: USD 1,255.65, GBP 9,991.96 & EUR 1,154.45 per ounce
10 Nov: USD 1,280.90, GBP 1,034.07 & EUR 1,175.48 per ounce
09 Nov: USD 1,304.55, GBP 1,050.42 & EUR 1,176.84 per ounce
08 Nov: USD 1,284.00, GBP 1,034.26 & EUR 1,162.02 per ounce
07 Nov: USD 1,286.80, GBP 1,036.13 & EUR 1,162.50 per ounce
04 Nov: USD 1,301.70, GBP 1,042.79 & EUR 1,172.57 per ounce
03 Nov: USD 1,293.00, GBP 1,040.61 & EUR 1,165.90 per ounce
Silver Prices (LBMA)
11 Nov: USD 18.59, GBP 14.73 & EUR 17.09 per ounce
10 Nov: USD 18.75, GBP 15.11 & EUR 17.20 per ounce
09 Nov: USD 18.81, GBP 15.12 & EUR 16.96 per ounce
08 Nov: USD 18.26, GBP 14.72 & EUR 16.54 per ounce
07 Nov: USD 18.22, GBP 14.67 & EUR 16.47 per ounce
04 Nov: USD 18.30, GBP 14.65 & EUR 16.48 per ounce
03 Nov: USD 18.07, GBP 14.50 & EUR 16.32 per ounce
