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Stephen Leeb continues:


“Think about that in simple terms, this is in the context of a terrible economy in the US and an even worse economy and turmoil in Europe.  If we get anything resembling a recovery in these developed economies, your going to see these commodity prices jump through the roof.  That’s going to mean much higher prices for gold, just because of the inflationary impact.


Now on the other hand, if something unfortunate happens and I don’t think it will, but if something really unfortunate happens in Europe, the euro breaks apart, whatever, you are going to have so much money thrown into the system it’s going to be unbelievable.  You are going to have QE’s on steroids and that’s also going to be very good for the physical currencies, gold and silver.


Once you have money just circling through at a nearly unlimited rate, obviously the hard currencies, gold and silver, are going to do very well....


Continue reading the Stepnen Leeb interview below...




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“So gold right now gold is kind of drifting, but the upside here completely and utterly dwarfs the downside.  We’re still in a market where when you see any dip in gold it pays to buy it and buy it very aggressively.”


When asked about the mining shares, Leeb replied, “Eventually they are going to get very, very strong.  We are still waiting for that period of catch up.  There is no doubt the mining shares have been lagging.  Basically I think a lot of the financing has dried up and it’s sort of a memory of 2008 where there was no financing for these mining shares.

 

That’s when people got incredibly rich incidentally when they picked up stocks like Nova Gold at $2.  It’s now over $10 and there are many, many like that.  So once the liquidity issues in Europe is rectified, I think these mining shares could go through the roof.  They are incredibly cheap and it’s becoming harder and harder to produce gold.


So I think if you really want to make it big in gold, you want to make three or four times what you are going to make in the metal itself, you want to look at these mines.  Things like Nova Gold, things like Pretium, which is run by Bob Quartermaine, he’s as good as you get and he could be sitting on an absolutely explosive situation.  These are the kinds of stocks that could go from $10 to $100 in 24 months, you just have to be there for that period.  These are going to be bull markets that most investors have never seen in their lifetimes.”         


Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management and the

author of “Red Alert: How China's Growing Prosperity Threatens the American Way of Life”

Just released, to order from Amazon CLICK HERE.



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Eric King

KingWorldNews.com

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