Jim Rickards: ‘Helicopter Money President’ Trump To Create Inflation & Gold Will Soar

James Rickards informs Bloomberg that Donald Trump’s Presidency (which he predicted) will be good for gold as he will be the ‘Helicopter Money President’, spending Trillions of dollars on U.S. infrastructure and the US military.
This will cause massive inflation which will benefit gold:


From Mark Obyrne

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 has split the interviews into two – Watch Part 2 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.

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