Gold To Explode As A Percentage Of Global Currency Reserves

Wednesday, February 13, 2013
By Paul Martin
February 13, 2013

Today acclaimed money manager Stephen Leeb told King World News gold is going to soar as a percentage of global currency reserves. He also believes the West will be left holding the bag when this drama is complete. Here is what Leeb had to say: “This aversion to gold in our country, and these latest regulations from Basel saying that gold cannot be part of a liquidity buffer, central planners are doing everything they can to keep gold from being acknowledged as a currency.”

Stephen Leeb continues:

“Obviously there would be an even bigger flight from the dollar and into gold right now if Basel had ruled the other way. Imagine a world in which the US dollar is no longer the reserve currency. That day is coming. Under those conditions QE becomes tremendously difficult and interest rates explode….

The Rest…HERE

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