Socio-Economics History Blog

Socio-Economics History Blog

Stephen Leeb: US$15,000 Gold as Bull Market Pace Accelerates! James Turk: More Bank Collapses To Cause Gold & Silver Spike!

by mosesman
  • Gold bugs take heart. This is but a small, albeit steep, correction on the way to 5 digit gold price. I still believe gold will hit minimum US$10,000/oz. Silver will achieve US$150/oz easily, more likely US$350/oz! Here are some words of wisdom from the pros.
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    Stephen Leeb – $15,000 Gold as Bull Market Pace Accelerates!
    by http://kingworldnews.com/ 
    – The talk about letting inflation rise is gaining momentum and is seeping through the cracks in the Federal Reserve. That is an extraordinary sign for gold.
    – I think that you are into the second part of the gold bull market which should be even more dynamic than the first ..
    – I’m talking about this accelerating into the next leg for gold and silver over the next three to six months. 
    – At that point you will see your three digit price in silver and gold is going to go much, much higher once inflation takes off at an accelerated pace.  I think you will see a manic phase later on with $10,000 gold, $12,000 gold, $15,000 gold, pick a number, ….
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    … for the full article click here!
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    James Turk – More Bank Collapses to Cause Gold & Silver Spike!
    by http://kingworldnews.com/
    – The Dexia Bank failure is not the Lehman event I have been anticipating.  While the repercussions of Dexia are still being felt, it seems inevitable that more bank collapses are coming.
    – The world’s financial system is careening towards another Lehman moment.  A major institution will fail and the resulting contagion will be beyond the capacity of governments to contain it.
    – physical gold and physical silver are the ultimate safe havens for your wealth because they do not have counterparty risk.
    – When this Lehman moment occurs in the future, not only will you be glad you own physical gold and silver, but at that point you will see oceans of paper money coming into the market driving the price of both metals much, much higher.”
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    … for the full article click here!

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