by Mark O’Byrne
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.