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I think scarcity in oil is a dramatic tailwind for gold. Politicians will inflate. They
don’t want oil to bring down the economy like it did in 2008. Remember, this inflation will take place with commodity prices already high. So this will create significant inflation. This means higher gold and silver. Gold at $3,000 by the end of the year, easy. Silver $60, $70, easy.
So says Stephen Leeb in an interview with King World News going on to comment that given the fact that governments are broke, and much of the banking system is insolvent, it is all the more important to be outside of the banking system by having a portion of your assets in physical gold and silver.
Editor’s Note: The above article has been has edited ([ ]), abridged, and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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