Investors Should Be Buying Silver Aggressively Here

This is not going to end in a happy Goldilocks scenario, I can promise you that.  This is going to end in some sort of hideous depression, and who knows what it’s going to do to our society and our civilization.

A depression is a very tough thing to survive.  Or it’s going to end, and believe me I hate inflation, but that is the lesser of two evils, that’s what we are headed for…

There is a party in Germany, the Anti-Euro Party.  If you want an incident that would trigger an explosion in gold, and really trigger the next leg in this historic bull market in gold, it would be Germany rejecting the euro.

So this is going to continue, Eric, and eventually it’s going to reach a point of inflection.  Getting back to gold (and silver), they’ve had big runs (off the recent lows), and you are always going to get setbacks.  It would not even surprise me if you came close to testing the lows.  This is just technical action.

The last thing any of these Western officials want is to see a massive bull market in gold.  Well, they are going to get it, but they are going to go kicking and fighting.  Once it starts taking off it becomes the currency of choice.  It’s sort of amusing to me to see these Western governments saying, ‘Gold is not a currency.’  But Cypriots could pay off their debts in gold.  They are paying it off in a currency, gold.  They (central planners) are doing their best to mask this, but it won’t work.

Gold could go back to $1,380 or so, but it would not surprise me at all to see gold at $2,000 by the end of this year.  You look at this insane demand for gold from the Indians, from the Chinese, even from the US, in the end you are not going to want to hold paper when they are printing it like this.

If gold is at $2,500, $3,000, or $5,000, five years from now, are you really going to remember a pullback from let’s say $1,800 to $1,300?  No.  Gold has had similar pullbacks all along this bull market.”

Leeb also added: “I would be buying silver hand-over-fist here and not looking at prices.  Be accumulating it whether it be coins or any other way.”