Stephen Leeb: “Investors are finally recognizing after what Mario Draghi said today that there are really no trustworthy fiat currencies in the world. Well, when paper currencies break down, monetary metals like gold and silver go up. That’s what we are seeing right now….
“I want to make some comments about the oil market. If we did not have the extra oil from fracking in the United States the world would be 3 million barrels short in terms of oil production. OPEC knows that oil is finite and it would be impossible for them to produce that much oil over the long-term.
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