Trump “Will Probably Win” and Gold “May Rise $100” Overnight - Jim Rickards

GoldCore's picture

Jim Rickards: Trump "Will Probably Win" and Gold "May Rise $100" Overnight

The US election is just two weeks away on November 8th, and one of Hillary Clinton's most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled 'The Road to Ruin - The Global Elites' Secret Plan for the Next Financial Crisis' and gave an interesting television interview to 'The Business' on ABC Australia.

Rickards says that Trump "will probably win" and, if he, does stock markets will crash 10% and gold will rise $100 over night.

The markets and polls believe Clinton will win and that is priced into markets in the same way that a 'Bremain' was priced into markets prior to the 'Brexit' vote.

 

kilkenomics_rickards2
Kilkenomics 2016 - Where Comedy Meets Economics

“If Hillary wins nothing happens, if Trump wins you will have an earthquake.” 

Should Trump win, which looking at the polls is not an impossibility, gold would likely surge $100 per ounce overnight, says Rickards.

What Hillary did was appalling and there will be ‘another reckoning on November 8th’ which the market has failed to price in, creating a good scenario for gold. He says you don’t have to agree that Trump will win, but agree that that in reality he could win.

For Rickards, this is an excellent opportunity for investors, particularly those who have an allocation to physical gold which he believes is set to rise in the coming months and years.

Jim is editor of Strategic Intelligence for Agora Financial as well as the founder of the James Rickards Project: an inquiry into complex dynamics of geopolitics and capital. He is also the author of New York Times bestsellers The New Case for Gold, Currency Wars: The Making of the Next Global Crisis and The Death of Money: The Coming Collapse of the International Financial System.

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.

Watch extended interview with Rickards on ABC Australia here

 

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

Excellent contributors this year include:

  • Nicolas Taleb
  • Paul McCulley
  • Steve Keen
  • Dan Ariely
  • Dara Ó Briain
  • Linda Yueh
  • Wolfgang Münchau
  • Bill Black
  • Matthew Bishop
  • Liam Halligan

Tickets are on sale now and will sell out fast. More information about the event and bookings can be made here
Buy tickets for Kilkenomics 2016

 

Gold and Silver Bullion - News and Commentary

Gold ends higher as economic data raise uncertainty for interest-rate hike (MarketWatch.com)

Gold prices show small gains in Asia as U.S. durable goods data noted (Investing.com)

Gold steady on subdued stocks, set for second weekly gain (Reuters.com)

Gold’s Not Budging From 200-Day Average as India Buys: Chart (Bloomberg.com)

Gold Imports by China Increase for First Time in Four Months (Bloomberg.com)

Clinton win doesn’t mean market stability, says gold firm (IrishExaminer.com)

Do you own long-term bonds? You might want to think about selling (MoneyWeek.com)

You’ve heard of Kondratiev waves – now meet the Frisby flux, the pound’s eight-year cycle (MoneyWeek.com)

This Is What Gold Does In A Currency Crisis, Brexit Edition (DollarCollapse.com)

These Are the Charts That Scare Wall Street (Bloomberg.com)

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Gold Prices (LBMA AM)

28 Oct: USD 1,265.90, GBP 1,042.47 & EUR 1,160.96 per ounce
27 Oct: USD 1,269.30, GBP 1,038.29 & EUR 1,162.93 per ounce
26 Oct: USD 1,273.90, GBP 1,043.45 & EUR 1,166.13 per ounce
25 Oct: USD 1,269.30, GBP 1,037.53 & EUR 1,165.85 per ounce
24 Oct: USD 1,267.00, GBP 1,034.89 & EUR 1,163.61 per ounce
21 Oct: USD 1,263.95, GBP 1,033.79 & EUR 1,160.69 per ounce
20 Oct: USD 1,269.20, GBP 1,034.65 & EUR 1,156.75 per ounce

Silver Prices (LBMA)

28 Oct: USD 17.61, GBP 14.51 & EUR 16.13 per ounce
27 Oct: USD 17.66, GBP 14.41 & EUR 16.16 per ounce
26 Oct: USD 17.66, GBP 14.46 & EUR 16.17 per ounce
25 Oct: USD 17.73, GBP 14.49 & EUR 16.30 per ounce
24 Oct: USD 17.64, GBP 14.41 & EUR 16.19 per ounce
21 Oct: USD 17.51, GBP 14.34 & EUR 16.08 per ounce
20 Oct: USD 17.60, GBP 14.35 & EUR 16.03 per ounce


Recent Market Updates

- 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
- Silver Eagle Demand ‘Returned with a Vengeance’
- Cashless Society – War On Cash to Benefit Gold?
- “Higher Gold Prices” On Global Trade Slowdown – HSBC
- Euro “Will Collapse” As Is “House of Cards” Warns Architect of Euro
- Property Bubble In Ireland Developing Again
- “Gold Is A Great Hedge Against Politicians” – Goldman
- Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold
- Gold In GBP Up 43% YTD – “Massive Twin Deficits” To Impact UK Assets
- Ron Paul Says “Gold Going Up” Whether Trump Or Clinton Elected

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atthelake's picture

The price of food was steady for a while and, now, it has started to rise, noticeably.

I have advised the loved ones to buy (mostly) fractional, silver and gold. I like silver, better, because it is less likely to have a 1933 - type confiscation. And I like fractionals because I expect to have to trade my PMs for food. Last I knew, one oz of silver, in Venezuela, was buying 6 months of food.  

The manager of the local Super Stop and Shop says when America tanks, they will accept assets for food and the plan is to call out the National Guard, if necessary.

Better to wonder, why the hell did you prepare so much than to wonder why, in heaven's name, didn't you prepare.

Maestro Maestro's picture

***Rickards, like all gold prognosticators, is a liar.  The only writer in the business worth reading was The Privateer aka Bill Buckler.  He stopped publishing his newsletter in 2013.  http://www.the-privateer.com/  ***

 

Worse than the western bankers rigging gold and silver prices and not having the gold they sold you (or selling gold that they don't have via fraudulent COMEX Futures contracts), is the fact that we don't even have MONEY today.  Therefore all financial transactions and economic numbers predicated on the existence of money are FRAUD and FORGERIES currently.

The electronic digits and paper fiat currencies in use today are NOT money, according to the law of the country that issues the reserve currency of the world, the US Dollar (Article 1, Section 10 of the US Constitution); or by the tenets of the science of Economics (i.e., fiat currencies are not money because they are not a store of value nor a unit of account due to the fact that NOT ONE fiat currency's value is determined or stipulated in concrete legal terms).  Dollars and Euros and Yens are not even lawfully DEFINED as to what they are, what their economic worth and transactional value is, hence they cannot constitute the legal foundation of any lawful contract!

(Also, there cannot be either inflation nor deflation in the ABSENCE of money.  Both inflation and deflation are monetary events hence cannot take place where there is literally no money.)

What we have today is massive GLOBAL FRAUD mascarading as a monetary system based on the (fraudulent) US dollar -- all fiat currencies are basically a derivative of the US dollar, including the Euro, the Yen, the Yuan, the Rouble, the Shekel and the Riyal.

Furthermore,

Why do a few people get the right to print fake fiat money out of nothing and buy your goods and  services with it, whereas you have to WORK to obtain the same worthless money created out of nothing?

THAT is the question at the heart of the matter.  That the bankers manipulate interest rates or the price of gold via fraudulent Futures trading (by selling gold that they don't have) with fiat money is a moot point.

To put it differently: why do the bankers get to have anything that they want without working for it and you, you don't?

All this talk about market rigging, monetary theory and fraudulent (paper) gold trading is a cover-up for INJUSTICE.

The US Constitution FORBIDS the use of debt as money; the US Constitution proscribes (debt) notes which is what the US dollar is presently.  Think, all other currencies are just another name for the US Dollar.

What passes for money today is a CRIME, no more no less.

 
People,

you are all aiding and abetting crime every time you buy, sell or get paid.

And then you ask, Why our leaders, the politicians, the bankers, and our military men and women are EVIL?

The answer is, because YOU are feeding the enemy!

Montana Cowboy's picture

There is no crime here. The Federal Reserve is not the government. It is a private, offshore, foreign bank. They can create notes if they want. And people can trade those notes, or anything else they agree to trade, for this and that regardless of whether or not those notes are "money". Here are the problems I do have with FRNs:

The government requires you to use those notes for the payment of taxes and other governmental accounts payable you might have. But if you scrutinize every such situation, you will find that your voluntary agreement to use those notes for such matters has been presumed with legal rationale. For example, you pay traffic fines with FRNs because you voluntarily agreed to have the Vehicle Code become applicable to you when you obtained a driver's license. Another approach to understanding how you got bound to these chains is that you were tricked into becoming a federal citizen pursuant to the 14th Amendment. There was no such thing as a federal citizen until well over a century after the US was formed. The Constitution and Bill of Rights does not apply to federal citizens. It only applies to the people of the several states. As a 14th Amendment citizen, your owners can bind you to any laws they want. Every judge in every courtroom knows all about this concept because that is where all their power comes from. You have no right to true money.

The other problem I have with Federal Reserve Notes is that they are fraudulent notes. In order for a note to be valid, it must have a means of coming due. That can be either by a date specified on the note or to be due on demand. But FRNs never come due. Every lawyer I have mentioned this to gets a puzzled look on their face, then agrees. The perpetual nature of the note results in two other problems. When you assign a note to someone else (which you do when you use FRNs to buy something), then you remain a guarantor on that note unless you use specific language on the note that says "assigned without recourse". If the FRB defaults on the note redemption, you remain on the hook. This means that every transaction you ever performed with FRN's is an incomplete transaction.

Maestro Maestro's picture

Thanks for the perspective and the information.  But some of what you say is not true as far as I know:

1. The Fed is not a foreign offshore bank as you say.  It's a US-based corporation many of whose officials are nominated and appointed by the POTUS:

"...As stipulated by the Banking Act of 1935, the President of the United States appoints the seven members of the Board of Governors; they must then be confirmed by the Senate and serve fourteen year terms.[7][1]

The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[8] By law, the chair reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary."

 

2. There is no such thing as a "14th amendement citizen."  There are not two different classes of US citizenship.  The US Constitution is the fundamental law of these United States.  All those who swore to uphold it when they took office and then betray it with their actions afterwards, such as the POTUS and the congress, are traitors.  You are putting the horse before the cart, sort of speak.  Just because the law is being broken doesn't mean the law doesn't apply anymore or has been superceded de facto by the newly-found (and impossible) legitimacy of crimes committed in high places.

 

3.  Just because I touched or used an instrument used in a crime doesn't entail I'm a criminal nor does it follow that I approve of or willingly participate in said crime.  Just because I pay for my purchases in dollars doesn't mean I'm a "14th amendement citizen" [by the way, said amendement doesn't say there are different kinds of citizens subject to different laws, does it?] who approves of treason not committed in my name -- just because you said so or some asshole in a robe said so.

 

All current US governnement officials are de facto traitors because the US government is in violation of the US Constitution and common sense as well.

therevolutionwas's picture

thanks for all the practical everyday advise as to how to avoid supporting "the enemy."

Maestro Maestro's picture

Thanks for the cynicism.  I guess just like gold and FRNs, it cannot be eaten either? Just calling a spade a spade.  Lest you tried to dig a hole with thin air.

 

If you want to stop feedeing the enemy, you can:

1. Put your money in gold.

2. Tell your children and friends the truth about what's going on.

3. Make things as hard or as impossible as you can for government officials and cronies of the bankers.  If they want something from you, don't give it to them or extract a high price.

4. Vote for individuals that are likely to insert sticks in the System's wheels.

5. Openly criticize, protest and defy the US government -- especially if you're an older and retired person who has entitlements which cannot be easily taken away from him.

DO NOT VOTE for Hillary Clinton, whatever else you do.

 

All this sounds practical and doable to me.

 

brushhog's picture

Boy, theres alot of hate here for Rickards. I'm going to be the odd man here and say that I have always enjoyed Rickards interviews and I enjoyed his book 'The death of Money'. I think he has actually been one of the more accurate forecasters out there, in his books he clearly describes a struggle between the forces of inflation ( government ) and deflation ( broke-ass mainstreet ). He never attempts to predict which way it will go, he always says that it is impossible to know which we will get so the wisest course is to have a foot in each camp to hedge against either scenario.

Have gold
Have Cash
have real estate etc etc

The Management's picture

From Banker to Barista ... in 10 happy days :) !

Shame...they will have to substitute coffee for coke.

Jokes aside i like your metaphor "a struggle between the forces of inflation ( government ) and deflation ( broke-ass mainstreet )"

therevolutionwas's picture

His latest prediction, that Oct 1st the stuff will begin to hit the fan...inflation big time...was true?

cubicyard's picture

I agree, just because the government won't admit it hasn't defaulted, doesn't mean he's incorrect. More wilful blindness...can you blame them they fear what is to come.

alfbell's picture

Rickards is an ass. An opportunist. Claims to be so well connected and in the confidence of the Fed government (he's not an "insider", he uses that to sell his crap). He's only about selling his bullshit books, newsletters, etc. His past predictions and forecasts should be looked at and tracked carefully... you'll see that he, like most, has always been wrong. He doesn't even understand how The Federal Reserve actually works and how our fiat money system works. He lost lots and lots of money in the past due to very bad investments. He's a fraud. Like most all of these "financial experts".

CarpetShag's picture

Not to mention his physical appearance - greasy hair in a mullet, prematurely aged facial features like a cross between the 120-year old guy in the bedroom in the final scene of Kubrick's "2001" and one of those disintegrating rubber zombie masks in cheap horror flicks.

CarpetShag's picture

What a f**kin' joke. Ricktards, the see eye ay and pen to gone shill, professing Catholic and fervent admirer of Jorge Bergoglio alias Pope Francis, stands on a faggot heap of failed predictions. Denounces 9/11 truthers in the book "Currency Wars". Hawks newsletters via Agora Financial and Porter Stansberry, who was found liable for fraud in a federal court in 2007. Which  sane person would touch Agora Financial with a 10-foot pole? Writes a book on gold, preaches financial Armageddon but cautions to have no more than 10% of investible funds in the metal. Instead, "buy fine Art", of course guaranteed no forgeries, minimal costs for insurance, storage, lab tests.  'The Road to Ruin - The Global Elites' Secret Plan for the Next Financial Crisis' If Ricktards is writing a book about it, it can hardly be a secret any more, can it now? And what is his motivation for sharing these secrets with the great unwashed? 

Thoresen's picture

Read Currency Wars after it was extensively promoted on KW News ( from whence Rickards has since disappeared). Not impressed by the book at all, and the fact that he did not reference fractional reserve banking anywhere totally undermined his arguments.

GlassSteagall's picture

A Trump Win is a victory for America ... Return us to sane banking with new Glass Steagall.

With Hillary we get:

http://www.cbsnews.com/news/clinton-on-glass-steagall-right-or-wrong/

kumquatsunite's picture

Is it not incredibly odd that anyone cares about Trump, in a private conversation, using rude language about women who think their bodies and faces are their path to a better life (rather than accomplishment and contribution). However, the absolute filth of, say, American Horror Story from the homosexuals who so desperately want to be women, isn't touched upon? Ryan Murphy just had a 33,000 Dollar Per Person meet/greet with Obomao for his "friends." Odd that no one asks women why they are so stupid as to allow the homosexuals to denigrate them constantly. 

Ha ha, by the way, anyone watch Jeopardy? They just had three contestants who were shown a picture and they couldn't identify the person. It was LaVerne Cox who pretends that her male chromosomes is overcome by a bunch of make-up and wearing dresses; she is on the Netflix show Orange Is The New Black where women have such great roles as: implying a dog will perform oral sex on a woman and a woman shown peeing on the floor in front of another inmate. NONE of the contestants could identify Cox, so all that hype about the show being watched is just one giant pr lie to try and convince you that Americans are "accepting" the whoredome of anything goes. 

Homosexuals have to hide behind the skirts of women because no one has any interest in watching them. The one show that was all homosexual (Looking) set in San Francisco (epicenter of syphllis, gonorrhea, and Aids) couldn't pull a half a million viewers. So instead they force homosexuals onto shows like Modern Family, where the homosexual "couple" adopt a baby girl. If that isn't abomination then what is? No homosexual men should ever be touching a baby, much less a baby girl. 

Sorry this was so long.

MASTER OF UNIVERSE's picture

The Roman Catholic Church is filled to the brim with homosexual Popes, Cardinals, Priests, & Pedophile Parishioners that Christen babies of both genders before they grow up a bit into children, and then the priests, Popes, Cardinals, & Pedophile parishoners bugger the children in the name of Roman Catholicism & the child molesting Roman Catholic Church, kumquatsunite. This is why the Pope travels the world to get retainer fees for lawyers that are on retainer so that the priests can keep buggering the children and the Pope can keep collecting lawyers fees.

 

What church do you go to, kumquatsunite?

Arthur's picture

UVXY is a saner bet.

jharry's picture

Since maintaining power is their primary value, they will allow Trump to win if his base is large and active enough.  It's only a matter of time anyway from their point of view.  Hillary can and will be sacrificed if it looks as if they will lose control by stuffing too many ballot computers.

PhiPhi's picture

Jim Rickards: PhD in Stating the Bleeding Obvious

sgt_doom's picture

Rickards, the same dood who almost brought down the global economy back in the late 1990s with his $1 billion Credit Default Swaps at LTCM.

Yup, that dood has a really fine prediction record . . . .

/sarc

Alberich's picture

Not so obvious. Rickards called for a gold pop when China joined the SDR 9/30. Since then, crickets. Not saying it won't happen but if it does it's just Rickards throwing a lucky dart against the wall.

(Full disclosure: my trading strategy is throwing darts against the wall)

MASTER OF UNIVERSE's picture

Jim Rickards can now lick my balls in deference to my intellect & intelligence because as an ex-CIA advisor on Economics he has demonstrated to the entire world that he is a myopic simpleton that only shills for his own books and investment in gold that he has for sale. Rickards is as dimwitted as the CIA & Dickhead Fuld.

 

Eat my shorts, Rickards, you wanker!

 

And get a haircut, hippie.

sgt_doom's picture

Yup, and he almost brought down the global economy in the late 1990s at LTCM with his $1 billion Credit Default Swaps.

Lost in translation's picture

I know a lot of ZHers like Rickards, but to me, he's shady.

Once a Company man, always a Company man.  No one is ever "former..."

We Are The Priests's picture

Rickards is a straight up NWO operative who's primary mission is to bring the IMF's SDR forward as the leading global trade settlement currency backed by gold so that control of the price fixing of gold can remain in the hands of the Globalist's.

The people must, at all cost, resist any currency backed by gold or silver at any percentage basis and demand the use of gold and silver coinage as real money.

Forward Full Spectrum Retard

fbazzrea's picture

distribute real wealth back to the people... i like it. (:

monad's picture

Trump has a better plan for us than the usual cockroaches have done, do and will continue to do until stopped.

CallSaul's picture

I agree some of his associations seem a bit....questionable.  However if you read his books it is clear he has a good grasp of the fundamentals and his warnings should be heeded.  The global system is deeply interconnected and has a lot of instability.  This means a crisis in one country could become a global crisis.  He doesn't claim to know what exactly will cause the next crash (to his credit or detriment based on your opinion) but he outlines a realistic scenario for why it could occur.  His idea about SDRs becoming global cash is interesting.  I have read others who disagree with this premise.  But his theory is logical (i.e. the Fed can't help in the next crash because with zero interest rates and massive QE they have already shot their wad).  I agree with him regarding the implications of a trump win in November.  Right now every mainstream media outlet has hillary winning handily.  A trump win would be a genuine shock and it's not difficult to see the markets falling in response.

WillyGroper's picture

why does anyone quote this nutbag shill rickards?

especially after his TEOTWAWKI sept. 30 BS!

bardot63's picture

Please name someone you trust whom you believe is not a nutbag schill.

WillyGroper's picture

not gonna be legal counsel for LTCM.

your point?

WTFUD's picture

No one talks faster than JR. Although not my cuppa tea then anyone who can't stand Hillary must be a good egg.

rareddy's picture

Besides the obvious of sponsorship dollars, why does ZH push these guys?  Might as well have goldman sachs write articles here.

 

the grateful unemployed's picture

the Rickards dog and pony show is getting a little weird. this guy associates himself with all these fringe financial report groups, so while Rickards is telling you end of the world, they are selling you hot stock picks. collapse is imminent this biotech company will double from here! i read one of his books, an no doubt he is, or was a fly on the wall, and could read the rather large dossier of cia what ifs. why does he need to keep selling himself to so many people unless maybe he wants to buy his own island somewhere. i mean sure Trumps election will cause gold to rise $100 is just self serving sensationalism. sure its fun to say Trump is going to WIN! and it helps you sell a few subscriptions for whoever you are working with this week, and yeah Rickards did get an interview with Bernanke, but really why not just sit in your home in some faraway place like Singapore like Jim Rogers, (i read his book too) make your money actually investing and issue a few pithy comments from time to time, even after the world of free markets was subverted and it has long ago left him high and dry. high and dry is good.

Clock Crasher's picture

Rickards by his own admission claims to have told the security intelligence agencies that the biggest threat to national security is the US reserve bank itself.  I respect him for that and writing books that cover the basic premiss of avoiding complete self inflicted poverty by understanding the difference between fiat and goldmoney.

This is his career choice of course hes going to market himself and the ideas behind stacking. 

Bay of Pigs's picture

His lastest call on China and the SDR on Oct 1st was a big flat dud.

Like with any prediction, timing is the key. So, we sit and wait while Rome burns.

auricle's picture

He was big on Saudi Arabia depeging from US. If oil makes another down leg that may happen. The global deflation doesn't seem to be going away.

Clock Crasher's picture

At least $100 Take a look at gold 60 minute after hours (UK voting hours) during Brexit We moved $100 top to bottom.  Back to reality you say... No if I gotta "chose between the real world and the matrix, I choose the matrix."

 

I'll be breaking night election day glued to an after hours chart with a garbage bag of popcorn and a butter dispencer connected to a foot pedal refreshing zero hedge every 5 minutes.

 

Get ready boys and girls its white knucle time.