mcl_mixer

Dr. Stephen Leeb on Commodities and Inflation - Is He a Genius or Alarmist?

"If we are indeed about to hit Peak Oil / Period of Hyper-Inflation, that sounds like a likely time to turn to a Safe Haven like Gold. Problem is......weren't we just in a similar time, with the possible Collapse of the Financial System?"

The current financial crisis was a deflationary threat, so gold was indeed a safe haven because it didn't decline in price like higher risk assets (stocks, real estate, corporate bonds, industrial commodities, etc.).