Michael Pento: I Like Silver, But I Like Gold More

There were a few analysts who warned back in 2008 that the Federal Reserve's policies would lead to the situation that we are now in, where the Fed is forced to continue printing money, and in reality does not have an exit plan. Michael Pento of Pento Portfolio Strategies was one of those analysts, and in today's video he talks about what's going on in the markets now, how we ended up here, and what he thinks about gold and silver as a solution.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.