We don’t know how Trump has so far managed to avoid the bad publicity that has begun to dog Kerkorian and a few other beleaguered member’s of the Billionaire Boy’s Club. Perhaps The Donald has better media connections? In any case, we expect Trump’s inevitable devastation to be worse than Kerkorian’s once the dust has settled. We estimate that Kerkorian is at least three-and-a-half times as smart as Trump, who has made far more money with his world-class mouth than with his presumably average brain.  And while Kerkorian’s holdings are broadly diversified, Trump has put nearly all of his eggs in the real estate basket. We should also note that while Kerkorian has been an extremely successful casino operator for many decades, the Donald, a relative newcomer to the game, actually managed to bankrupt an Atlantic City casino when business in that town was still pretty good.

A World-Class Mouth

Concerning Trump’s real estate holdings, when we last visited Miami Beach we were astounded by the ambitiousness of the veritable city of Trump towers rising a few miles to the south.  Although Trump has a few very large projects still under construction there and elsewhere, including in Chicago, he claims to have no “skin the game.” Earlier this year, with a straight face, Trump told one of the newsweeklies that Trump condos under construction or in the works are principally owned by builders who pay him royalties for the use of his world-class name. Our guess is that if Trump has leveraged even a measly five percent stake in these soon-to-be see-throughs, the exposure is going to take him down. We would also bet that he’ll be out raising millions within two years of filing for bankruptcy, since, with his peerlessly loud mouth, and new suckers being born every minute, the old shell-game will never go out of style.

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Comex Silver Forecast

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