Tags: Crispin Odey | gold | invest | own

Crispin Odey: 'Gold Is One of the Few Things You Should Own'

Crispin Odey: 'Gold Is One of the Few Things You Should Own'

(Getty/Sam Panthaky)

By    |   Thursday, 02 February 2017 07:50 AM

U.K. hedge fund heavyweight Crispin Odey, founder of Odey Asset Management, predicts that the only safe investment in such volatile political and economic chaos is the old safe-haven standby: gold.

“Gold is one of the few things you should own,” he told ValueWalk.

With so much to be decided in the early days of President Donald Trump's presidency, Odey cautions that there are very few, if any, safe bets for investors.

To be sure, he expects inflation “to push through the entire world.”

“Markets are expecting a profit boom, but politicians are saying a wage boom is occurring,” he said. This dichotomy is important because wage booms – what is good for the majority of people — often diminish corporate profits," he said.

As his first weeks in office proves, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, as bestselling author David Horowitz recently predicted to TheStreet.com.

Trump won’t be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.

“We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.”

Horowitz's new book, "The Big Agenda: President Trump's Plan to Save America," reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.

Horowitz's book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web.

Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.

"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere – or get your copy on Amazon – Click Here Now

“If the economy grows as it will under Trump, there's going to be a lot more money to spend,” he said.

(Newsmax wires services contributed to this report).

© 2021 Newsmax Finance. All rights reserved.


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U.K. hedge fund heavyweight Crispin Odey, founder of Odey Asset Management, predicts that the only safe investment in such volatile political and economic chaos is the old safe-haven standby: gold.
Crispin Odey, gold, invest, own
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2017-50-02
Thursday, 02 February 2017 07:50 AM
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