- Gold and silver are rocketing to unbelievable prices this year!
Leeb – Silver to Break $100 This Year & Gold Bull on the Move!
With gold and silver off to an incredibly strong start for 2012, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb surprised KWN by predicting that silver will hit $100 this year. But first, here is what Leeb had to say about Bill Fleckenstein’s comments on KWN earlier today about the public coming into the gold market: “I think (Bill) Fleckenstein is totally correct. The kind of environment he’s talking about is the one I alluded to a little bit earlier, namely the 1970s, where we did have this kind of stagflation. In the mid 70s we had very high inflation, a recession, etc., yeah, that’s exactly the kind of environment we are headed for. ”
“The implications are that gold, if you look at the 70s, could easily go up eight fold from here. That’s where you get your targets in excess of $10,000. That’s what the 70s say to us. That’s what I believe Fleckenstein’s analogy best refers to, namely the 1970s stagflation. The results of that kind of environment are dramatically higher gold prices.”
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