Gold & Silver To Surge As Money Pours Into These Markets, dr. Stephen Leeb

Posted: July 31, 2012 in Economy, Governments

Dr. Stephen Leeb, Chairman and Chief Investment Officer of Leeb Capital Management is the author of “Red Alert: How China’s Growing Prosperity Threatens the American Way of Life” told King World News: “There is no plan for growth, and so in this type of environment people are going to remain very frightened.” He also added, “This will lead to an ocean of paper money moving into the gold and silver markets.”

Leeb can not go past the increasing fear in people due to their decreased standard of living. Some of them started to put part of their wealth in precious metals (as they should), since they don’t trust their paper currency.

Despite all the stimulus packages there is a simple fact remaining: all this may work for a little bit, but it’s not going to work forever.  Eventually they will create a lot of inflation and that’s going to scare people even more.

Read the article.

 

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