Yes, China Will Likely Push The Price Of Gold Above $20,000, But This Is What Is Really Stunning

Today one of the top money managers in the world said, yes, China will likely push the price of gold above $20,000, but this is what is really stunning.

October 4 (King World News) – Dr. Stephen Leeb: For obvious reasons, the next several months are likely to be very volatile, even more so than the first part of the year. So it’s worth realizing that something that was true during the first 20 years of this century is almost certainly a prelude to the next 20 years and beyond.

Which is to say: Jump on the likely short-term volatility to grab those investments that will resume their role as the leaders in coming decades…

So what are these assets? Here’s a quick quiz: Rank the following 6 assets/asset categories in order based on which gained most during the first 20 years of this century – 12/31/1999 to 12/31/2019. (Do it before looking at the correct answer below). In alphabetical order, they are:

• • Bonds (as measured by an index of U.S. government bonds with expiration dates ranging from 5 to 30 years)
  • Copper (measured by its price)
  • Gold (as measured by its price)
  • Iron ore (as measured by its price)
  • Silver (as measured by its price)
  • Stocks (as measured by the total return of the S&P 500, including reinvesting dividends)

What is the correct order based on performance? Here goes:

• • 1. Gold – up 423%
  • 2. Copper – up 246%
  • 3. Iron ore – up 236%
  • 4. Silver – up 230%
  • 5. Stocks – up 224%
  • 6. Bonds – up 165%.

Continue reading....