Interview with Eric King of King World News and Dr. Stephen Leeb, Ph.D.
As we come to the end of a wild week of trading, today Dr. Stephen Leeb told King World News here is how gold will trade in the coming weeks before it eventually hits $10,000.
Zero Interest Rates Forever
June 28 (King World News) – Holger Zschaepitz: “US is heading to future of zero interest rates forever. It’s obvious way to avert national bankruptcy as country keeps piling on debt. Federal govt borrowing now amounts to 4.2% of GDP each year. By 2049, CBO predicts, that will more than double, to 8.7%. (See chart below).
US Heading To Future Of Zero Interest Rates Forever
Gold To Trade Higher On Monday
Dr. Stephen Leeb: “I don’t expect to see an agreement between the US and China this weekend. Therefore, gold may be trading higher on Monday. But, Eric, I think we may also see one more pullback in the gold market to about the $1,350 breakout level before gold goes to many thousands of dollars an ounce…Within hours KWN will be releasing this extremely important audio interview with Dr. Stephen Leeb discussing why he believes that the price of gold will soar above $10,000.
AUTHOR…INVESTMENT ADVISER…MONEY MANAGER
Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is known for his prescience in connecting the dots among hidden or overlooked trends – macroeconomic, scientific, and geopolitical – and accurately describing the investment implications, often going against the conventional wisdom. He is the author of nine books on investing and geopolitical trends including his most recent book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World (2020, McGraw-Hill Education). He is founder and editor of the award-winning investment letter The Complete Investor, published by Capitol Information Group, a Washington, D.C.-based financial publisher. Stephen is chief investment officer of his own wealth management firm based in New York City.