Real Wealth #322 12/30/2012
Gold and Silver: Solutions to the Financial Crisis
Gold and silver markets have a history of significant fluctuations. One of the foremost experts concerning precious metal commodities, Stephen Leeb, recently explained his thoughts concerning these markets. Mr. Leeb promotes the purchase of gold and silver as a hedge against massive inflation caused by excessive printing of paper currency.
"Everyone should own physical gold and silver," Leeb said. "For people who are discouraged in gold or mining shares, don’t be. Your day is coming.”
Mr. Leeb is not the only one advocating the
purchase of gold and silver. Investors around the world are generating a
massive gold rush by buying gold bullion and coins at an unprecedented rate. As
with most financial issues, governments of many countries are seizing an
opportunity to turn commodity markets in their favor. Some governments are
intentionally taking steps to alter the prices associated with buying and
The Federal Reserve and the Economic Crisis
Failure of the Fed
Mr. Leeb continued his indictment of the
Federal Reserve. He made a point of identifying the source of financial turmoil
in the United States. He described the Federal Reserve as an organization
determined to continue its spending while disregarding the economic plight of
the average American citizen.
Problems with Foreign Economies
Mr. Leeb went on to discuss the widespread nature
of this crisis. He believes that, because the United States is a major part of
the global economy, it affects and is affected by changes in the global
marketplace. Noting similarities between the Fed's spending and the financial
maneuvers in foreign nations, Leeb voiced his displeasure with global economic
The Future of Money
Despite some very troubling facts, Mr. Leeb
does not rule out the possibility of personal financial solvency in the coming
years. Of course, he advises many people to be wise in their spending habits.
He also sincerely encourages everyone to strongly consider making an investment
in precious metals.
Please see risk disclosure link below.
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