11
Nov
2016

‘Helicopter Money President’ Trump To Create Inflation and Gold Will Rise

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 here and here

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: A Guide to Investing in 2017

More information about the event and bookings can be made here – Buy tickets for Kilkenomics 2016

Gold and Silver Bullion – News and Commentary

Gold holds steady as markets gauge Trump economic policy (Reuters.com)

Gold Slumps Amid Speculation of Improving U.S. Economic Outlook (Bloomberg.com)

Gold slips as market weighs Trump economic policy (Reuters.com)

U.S. runs $44 billion budget deficit in October, Treasury says (MarketWatch.com)

Italian, French Bonds Feel Pain in Europe as Rout Spreads: Chart (Bloomberg.com)

10-year Treasury yield jumps the most in 3 years on Trump election win (MarketWatch.com)

Ultimate reason for owning gold might be shifting after Trump’s win (CNBC.com)

Trump the Collapse With Gold (TheSovereignInvestor.com)

Democrats, Trump, and the Ongoing, Dangerous Refusal to Learn the Lesson of Brexit (TheIntercept.com)

Trump’s victory over Clinton was sealed 40 years ago (CNBC.com)

Peak Gold Theory Strengthened As Q3 Marks Second Consecutive Quarter Of Production Declines (SeekingAlpha.com)

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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


Recent Market Updates

– Central Bank Gold Demand continues in Q3
– Trump Victory Sends Gold Surging 5%
– An uncertain election outcome looks good for gold
– Ignore past elections, this one’s too uncertain
– Gold may be the only winner in US elections
– The London Gold Market – ripe for take-over by China?
– Diwali, Gold and India – Is Love Affair Over?
– Silver Krugerrands By South African Mint Coming Soon – Massive Clearance Sale on Gold Krugerrands
– Trump “Will Probably Win” and Gold “May Rise $100” Overnight – Rickards
– World Is Out of Weapons
– Gold Is The “Kardashian of Commodities” – Herbert & Keiser Interview Skoyles
– Value of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages
– Fed Risks Lehman Crisis As US Recession Storm Gathers

Mark O'Byrne
Executive Director