Yes, Gold Will Hit $20,000 But This Will Be The Big Surprise

With the gold bull market on the move, yes, the price of gold will hit $20,000 but this will be the big surprise.

November 8 (King World News) – Dr. Stephen Leeb: Whatever your feelings about the current election I doubt that it will change a thing about the anger and rancor that permeate this country. Why? For years, Americans have been misled and lied to. And I’m not talking about politicians. Rather, I’m talking about Wall Street, the most profitable segment of the U.S. economy and in many ways the most insidiously destructive.

By Wall Street I’m referring to the whole gamut, including both major and less-major financial firms: investment banks, commercial banks, insurance companies, payment processors, and others. Its ability to inflict damage was seeded in the early 1970s, with the ill effects accelerating over the past generation.

$20,000 Gold
In the first book I ever wrote, published in the mid-1980s (Getting in on the Ground Floor) I accurately forecast that stocks were embarking on a long-term bull market. The book did not mention gold even once, because I was convinced that stocks were the only game in town. If anyone had told me a time would come when I would see gold as the best – indeed as the essential – investment, I would have laughed. But though I did not know it at the time that earlier period set in motion forces that have led to the present gold bull market, a bull market that will persist for at least a generation and easily dwarf the gold bull market of the 1970s. As I’ve said it in these interviews before, a target of $20,000+ for gold not only is reasonable but likely understates gold’s potential.

Continue reading...