Keer-eh Khar

Inflation or Deflation? Invest in Gold

Oh brother, you were doing OK till you mentioned "America's end of hegemony" -- Another America hater?

Also, the silver stock you recommended with gusto in your book years ago, Apex Silver ended up going bankrupt and people who bought it on your recommendation in your book saw their investment go to zero.

Furthermore, Mr. Leeb, your other predictions in the same book, like oil going to $250/barrel and defense industry stocks going through the roof were all wrong -- you were off the base by light years!

Your assertion here in this article that deflation and inflation are both " 'faltions " and gold will do well in both environments is ridiculous. No real economist or trader is of the oinion that gold will do well in deflation. This is totally wrong. Yet you try to 'cover all your bases' by hedging your bets this way -- Gee, any 9 year old could say the same thing: deflation is same as inflation same as gold skyrocketing!

Hyperinflation is on its way, not deflation, and if gold does well (which it will), it won't be because Leeb said os either!