Dr. Stephen Leeb is a recognized authority on the stock market, macroeconomic trends and commodities, especially oil and precious metals. As Chairman and Chief Investment Officer of Leeb Capital Management, Dr. Leeb combines his knowledge of macro-economic trends and current market conditions with detailed information about specific companies he follows in order to guide the Committee's investment decisions....His natural resource picks tend to outperform on the upside and underperform on the downside for a net underperformance since inception.
From KingWorldNews:
He could be right about the hyperinflation but not yet....“It’s a very serous situation and those are the kinds of things, I believe, the Fed is looking at that are likely to motivate further easing, QE3, QE4 and what not. With all of these problems, for all the willingness to ease, the dollar is still standing out as the world’s reserve currency.Now if the dollar, with all of these problems is the best paper currency you can turn to, you better not miss out on having gold and other precious metals in your portfolio. The dollar is no shelter from any storm that we’re likely to experience.”When asked about Thanksgiving dinner for the average family being 13% more expensive this year, Leeb remarked, “Japan, in the aftermath of World War II, their inflation reached 40%. To deal with so many things you’re likely dealing with inflation that is going to be the highest in American history. If you told me 40 or 50% (inflation), I think I might be more relieved than terrified.”...MORE
See also how close his thinking is to that of someone who runs in very different circles:
UPDATED: Uh oh: "Preserving the EU from the Destruction of the Euro" (Europe’s Banking System Could End Up Shut for Days)
