Best selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.
Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.
The BIS changed its stance on gold, which it now views as compared to cash, boosting demand.
Ironically, gold is the true cash, while fiat remains merely a shell game attempt to procure more gold!
Dr. Leeb finds a floor in the price of gold above $1,300, noting it will adjust, "very, very, very high." In 1971, when the US abandoned the gold standard for good, the inflation genie was unshackled.
The duo concurs, every portfolio can benefit from gold as a hedge against fiscal/monetary profligacy. During the interview, a news story noted new tariffs by the US on it's a latest economic trading partner - Dr. Leeb finds the tax counterproductive to domestic/global economic growth.
Best selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets, especially the yellow metal, which recently touched a new 6-year record. The Bank of International Settlements (BIS), changed its stance on gold, which it now views as compared to cash, boosting the demand of central banks for the yellow metal, the deepest pockets worldwide. Ironically, gold is the true cash, while fiat money remains merely a shell game attempt to procure more gold! Subsequently, Dr. Leeb finds a floor in the price of gold above $1,300, noting it will adjust, "very, very, very high." In 1971, when the US abandoned the gold standard for good, the inflation genie was unshackled, continuing to increase in potency with each central bank monetary injection. The duo concurs that every investment portfolio can benefit from gold as a hedge against fiscal/monetary profligacy. During the interview, a news story noted new tariffs by the US on it's a latest economic trading partner - Dr. Leeb finds the tax counterproductive to domestic/global economic growth.
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