Dr. Stephen Leeb discusses commodities

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Dr. Leeb is a successful money manager; newsletter writer; published author and frequent guest on radio, television and at investment forums.

  1. On April 7, 2021 at 3:54 pm,
    cfs says:

    Dr. Leeb states that gold was the best performing asset over such-and-such a period of time.
    I disagree. What gold measures in the longer term (ignoring short term fluctuations) is simply the inverse of the purchasing power of the dollar.

    The leaders of the modern world have learned that they can hide taxation by printing more and more money, without taxing, to actually increase their apparent ability to spend. Spending destroys the purchasing power of the dollar, when such spending is in excess of taxation. As long as the population continually increases, governments will over-spend and get away with incompetent management of economies.

    History has shown, because of its limited supply, that gold tends to maintain its purchasing power.

    • On April 7, 2021 at 5:40 pm,
      AlKorelin says:

      In manner of speak, you are both correct. I will do a Daily Editorial on this topic tomorrow.

    • On April 7, 2021 at 6:20 pm,
      Matthew says:

      Inflation is simply a tax and the stock market also reflects the loss of the dollar’s purchasing power. For example, the Dow is currently trading at 33,446 which is about 5 times the price it traded at in Q1, 1997 and gold has performed the same, going from about 350 (338 to 369 in Q1 1997) to today’s price of 1742. The Dow is worth 19.2 ounce of gold now and was worth between 18 and 20 ounce in Q1 1997. So, net of inflation, the stock market has gone nowhere and a lot of people are paying big taxes on gains they do not really have. The average stock investor also takes a lot more risks than does the holder of gold.

      It’s easy to see why the central planners want inflation since they’d never get away with taxing gains that came about due to increasing purchasing power of their currencies (deflation). The higher the inflation, the greater the theft of one’s real wealth even if one is hedged since taxes make no allowance for inflation and are based only on nominal performance (as if the dollar is a good measure of such).

      The main reason gold maintains its purchasing power is its stock-to-flow ratio. Gold’s above ground supply (stock) is usually equal to 6 or 7 decades of new gold production from mining (flow). This makes it impossible to inflate as central banks do with their worthless paper so holders of gold cannot be “diluted” and have their value transferred away from them by powerful parasites arbitrarily. It is taxed heavily even long term because of this fact. Tyrants (control freaks) are at war with anything that liberates individuals, obviously.

      Alan Greenspan told it like it is decades before joining the dark side…

      Every Leftist should be informed and reminded that central banking (the centralized control of money and credit) is a prescription of Marx himself and is the 5th plank of his communist manifesto. Central banking and free/fair markets cannot coexist. Central bankers are enemies of capitalism; never mind the propaganda from entities and institutions that should know better and probably do.

      • On April 8, 2021 at 7:26 am,
        OOTB Jerry says:

        Ditto Matthew……great outline as usual …

      • On April 8, 2021 at 12:18 pm,
        larry says:

        double plus good analysis……Matthew knows how

  2. On April 7, 2021 at 4:00 pm,
    cfs says:

    Anything in limited supply, that maintains its popularity over time, would work as well as gold.


    • On April 7, 2021 at 5:52 pm,
      AlKorelin says:

      Thanks for posting everything that Greg Hunter said. I think that I missed the boat not having Gerald Celente on the radio program more often.

  3. On April 7, 2021 at 4:00 pm,
    Terry Hueberrt says:

    No useful information from this show.

  4. On April 7, 2021 at 4:45 pm,
    David says:

    I checked out the 12 minute attention span and some studies say that was in the 90s and has dropped to 5 mins. Hard to believe but it could be our technical society. Other studies indicate about 2 mins per year of age peaking around 50 minutes. I guess that is why schools peak classes generally at 50 minutes or conferences. In any event, i can hang in there all day if necessary. I used to have great notes.
    I have listened to Dr Leeb for years and find him informative. He also agreed that markets are manipulated but fell just short. When I watch the PM paper contract markets it is quite evident from off hour dumping of large dollar amounts of contracts as well as the CFTC allowing bullion banks to exceed position limits appear to serve only one purpose and that is to control price direction and trigger algos. Allowing such unfair practices to occur makes the government complicit in market rigging. Just my 5 minutes worth of attention span. But Dr Leeb is a great guest.

    • On April 7, 2021 at 4:48 pm,
      David says:

      It should read “he almost agreed to manipulation”…my phone made it “also” instead of “almost”…

    • On April 7, 2021 at 5:49 pm,
      Al Korelin says:

      Stephen is a great and important guest and and has evolved into a great personal friend.

  5. On April 7, 2021 at 6:27 pm,
    cfs says:

    Those that do not have a substantial portion of their assets in REAL THINGS will lose.

    Remember the world for “money” and the word for “silver” are one and the same in some 20 + languages.


    And it will not matter whether people trust the Chinese or not…….
    Have you been to Africa or most of Austral-asia recently ?
    China controls two continents already.

  6. On April 7, 2021 at 6:29 pm,
    cfs says:

    oops…… first “word” somehow got corrected to “world”

  7. On April 7, 2021 at 7:11 pm,
    cfs says:
  8. On April 7, 2021 at 9:31 pm,
    cfs says:
  9. On April 7, 2021 at 10:09 pm,
    cfs says:

    Rick Rule on commodities super cycle:


  10. On April 7, 2021 at 10:25 pm,
    cfs says:

    For drivers: A word of Caution,
    For speculators: a possibility:

    • On April 7, 2021 at 10:32 pm,
      Ann says:

      Thanks csf

  11. On April 7, 2021 at 10:31 pm,
    cfs says:
    • On April 7, 2021 at 10:34 pm,
      Ann says:

      Sorry. I meant cfs. Great links.

  12. On April 8, 2021 at 9:28 am,
    David says:

    thanks for the links CFS. Good stuff