Michael Pento - Super Spike In Precious Metals Coming

Money manager Michael Pento says we will have "deflation" first and then "runaway inflation." Pento says this means gold is the place to be for the foreseeable future. Pento contends, "There is going to be a run on gold like we have never seen before. There is going to be a super-spike in the precious metals. These are unprecedented times coming, and you should take physical possession of your gold. I like gold and I like silver, and I like platinum. I most especially like gold though. This is happening now. The bond bubble is bursting."

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.