'Helicopter Money President' Trump To Create Inflation and Gold Will Rise

GoldCore's picture

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

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Charming Anarchist's picture

Far be it for me to advise statists how to arrange their own deck chairs but none of this bullshit has to be complicated.

All Trump (or any other statist, for that matter) has to do is tell Ameritards that they can pay their taxes in REAL money and then let the chips fall as they may.

I am not endorsing taxation.
If you are going to be a fucking statist, at least set things up so that the whip breaks down before the tax-payers die of too many lashes.

oldguyonBMXbike's picture

I saw a map. 

In the coming years, Trump is going to "renegotiate NAFTA," and States will "secceed" from the Union.  He will encourage them to leave.  This is all planned.  First they sold Hollywood to China and California will go back to Mexico.  Oregon and Washington (techies) will go to Canada.  Hawaii will go to Canada.  And, much of the states around the Great Lakes and New England will go to Canada.  

According to this map, Trump is about to Make America Smaller Again and reverse Manifest Destiny.  

 

Sounds like NWO to me.

 

moman's picture

One thing will never change....IF YOU DON'T HOLD IT, YOU DON'T OWN IT

kikk's picture

I stopped reading at "he will spend dollars on U.S. infrastructure and the U.S. military. This will cause inflation which will benefit gold"

Explain how spending maybe billions on infrastructure will cause inflation yet spending Trillions on illegal unwinable wars doesn't.

abyssinian's picture

Because the money paid for a tanks, bullets, military expenses is a total scam, the costs are over inflated only to the military industrial complex and money supplies are being exported to other parts of the world.  While spending billions on infrastructure actually drive wage inflation, demand for goods and materials actually stay inside of the country... Inflation is money shifting to different places or assets.  While the US was exporting inflations by printing money and buying goods from China and creating wars outside of the US, all the money supplies are being exported.  When start spending billions within the country. The inflations will skyrocket.

firestarter_916's picture

Over the past several years I've noticed what these people are doing. No matter who is in power, no matter what world event occurs, they use it as a mechanism to pitch their gold. A bear could fart in the woods and they'd issue a press release that gold is going to $1M/oz.

FedFunnyMoney's picture

Just wait till the Trumpistas figure out they've been conned.

Trumpy is a big government, NY republican. A pussy grabbing, foul mouthed version of Nelson Rockefeller.

A good chunk of Obamacare will stay, after all it was really repackaged Romneycare...and there will be no wall, nor any mass deportations.

...but enough pork to bring any self respecting fiat currency to its knees.

Lordflin's picture

GC... The one thing that will not rise your IQ... Sad, as it has no where to go. Buy gold and silver, true money, but ignore this schiester...

AlbertthePudding's picture

Not entirely true that the deficit will be raised.it depends on who ends up paying for these developments and what happens to all of the missing money.

GreatUncle's picture

Print? Lol ... they have been printing for decades but nobody called it.

Only in 2008 did they finally go in your face CTRL-P did you get to see it.

The thing is when they bailed out the banks it skipped the economy straight to banksters, loaded the debt onto populations but that action did not expand the economy to support the increase in debt. That locked the population into having to support an even larger amount of debt before they even start to try and crawl out of the ever deeper hole.

NOT A FUCKING CHANCE.

Not interested now, stay off the radar, only declare minimal incomes = minimal taxes because anything too good will be taken to pay down debt. It is how the middle class got wiped out and do go as the protestors how they expect to support the debt.

Iconoclast421's picture

The move 6 weeks ago was a huge warning shot to gold bulls. Gold miners were already in a bear market before this brutal week even began. It is one thing to theorize about the outlook for gold, but the basic technicals simply demand a bearish position.

abyssinian's picture

If you look at the gold price in any other currencies but the USD, they are all nearl all time high.. While you only see price of gold in the USD terms andt the Feds continue to lie about how great the economy is the dollar index is now at near 100.  The cost of mining gold is near $1200, gold price can't go below $1200 where as the miners will stop mining and there will be shortage of gold production...  While billions and billions of paper money being printed daily around the world.  

JailBanksters's picture

Has Rikhard EVER, EVER been right about ANY gold price increases ?

 

CC Lemon's picture

I really enjoyed Rickards books, (Currency Wars and When Money Dies) but why has he turned into such a huckster?

Like this, for example:

 

http://pro.agorafinancial.com/AWN_dollarreset_0716/EAWNS8CO/

radbug's picture

If I were Trump, I'd use the last shreds of moral authority still attached to the reserve status of the fiat $US to build as much double tracked railroad infrastructure as possible before Beijing spits the dummy and prices its exports in gold.

Joebloinvestor's picture

IMO the one trigger event for a rush to hard assets would be an internet disruption.

The success of the electronic fiat screwed pm's.

 

TeaClipper's picture

Can't wait for an explanation of your idea of "Success"

 

One-Eyed-Thong's picture
One-Eyed-Thong (not verified) Nov 11, 2016 5:51 PM

can't wait for THE DON to "renegotiate" them bonds

Joebloinvestor's picture

The author reminds me of the pollsters.

Dan'l's picture

At first, I though the name of the conference in Ireland was Kikenomics. Gold didn't do exceptionally well during the late 1970's - early 1980's during the Jimmy Carter stag-flation era. I went up but nowhere near as much as inflation, if I recall correctly. 

Hey Don, steer clear of Bolton, he's a war monger. 

Kagemusho's picture

I recall Rickards saying the S would HTF on or around 30 September.  Something to do with the Chinese Yuan joining the IMF's SDR. I guess they didn't get his memo.

SimmerDown's picture

He also said it was a no-brainer to short the market as a Trump win would crash it and a Hillary win would pose no risk of having to cover due to a rising market. Oops!

And then there was the Saudi currency devaluation. Or. Not. Oops.

I enjoyed his book "The Death of Money" and maybe he's right about SDRs being backed by gold some day. But his short term trades have not panned out.

enfield0916's picture

Don is turing to old school Neo-Con twats and traitors like Jon Bolton ALREADY!

http://www.democracynow.org/2016/11/10/genuinely_terrifying_prospect_gre...

Not Goldman Sachs's picture

Suprise!!! Same as it ever was.

 

One year from now I predict ZHers will be so pissed off at the DON they will be calling for the guillotine.  Though not a politician by training he will become one. the job makes the best of us into the worst.

 

The Don will not be looking out for any of us.

 

I hope I am wrong.

B-Bond's picture

What do you believe V.P. Pence is, a Spectre agent? Some were poker faced when he was chosen.

Place your bets!

FedFunnyMoney's picture

Pence really seems like a right wing version of Lyndon Johnson to me.

Maestro Maestro's picture

Worse than the 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!

GreatUncle's picture

"all fiat currencies are basically a derivative of the US dollar"

All currencies became FIAT currencies once the global reserve currency dropped the gold standard.

Baby Eating Dingo22's picture

And amazingly ZHers suddenly have no problem with printing

Not Goldman Sachs's picture

fuk that. I have a problem with it. But it is typical of the New GOP. Spend, Spend, Spend. My fuking dog could be president if all SHE had to do was spend. Save the world DON. One party- the party of spend.

THE DORK OF CORK's picture

I suspect Powell is a Jeffersonian. 

Not sure what Rickards is.

The word Prick comes to mind.

THE DORK OF CORK's picture

Rickards is a extremely untrustworthy globalist.

 

It's fun listening to GATAs Chris Powell ( one of the few gold bugs I respect these days) when his name is mentioned.

 

He is polite but also clearly bristles with some hatred also.

 

RaceToTheBottom's picture

Trust exists nowhere in the world.  Everywhere it does exist, it will be abused.

Personal responsibility and action based on Education and Knowledge is the only solution.

Fractional reserve is fiction.  It is the same as building a bridge to handle the weight needed at 2AM in the morning.

 

Got The Wrong No's picture

Correct me if I'm wrong, hasn't he been saying this for the last 8 years? The money should have been spent on infrastructure instead of making the 1% richer.  

Slomotrainwreck's picture

$10,000 Gold by next weekend, or so.

AVmaster's picture

Morons have been living under a keynesian authoritarian regime for so long that they forgot how markets worked...

fukidontknow's picture

Paul Krugman love festival at MDB's Accredited Times

https://accredited-times.com/2016/11/11/paul-krugman-a-giant-among-men/

Tell them what that creepy wee man really stands for

B-Bond's picture

BBK repatriates all German gold held by N.Y. FED.

Place your bets!