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 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 Rickards says in relation to the Clinton email scandal. 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.
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:
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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
Gold and Silver Bullion – News and Commentary
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
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