Economics

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Bullets, Beans

BULLION

Wednesday, 7 December 2011

Stephen Leeb - Expect Gold Price to Double in Twelve Months

I can say this, right now is no time to back out of your gold position. I mean gold going down is telling you why it’s such a good investment. It’s is literally being used as liquidity because conditions are so dire.

Any way to correct these dire conditions is going involve massive amounts liquidity. So buy gold on these dips and say, ‘This is a gift that will reward me in the next twelve months by at least a double or more.’ Let me put it this way, it’s a rubber band, the further gold goes down now, the more it’s going to bounce back.”...more

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