Is The Price Of Gold Really Headed Above $19,000?

KingWorldNews.com
June 06, 2015

Today one of the top money managers in the world spoke with King World News about China’s massive and growing gold hoard and their plans to back the yuan with gold. He also answered the question: Is the price of gold really headed above $19,000?

Stephen Leeb: “Gold is a little bit weak (right now) but I can tell you that it’s going to be Chinese buying and U.S. selling and maybe U.S. shorting. You have to own gold under these kinds of conditions if you are living in a country that has become desperate and you are looking at a new monetary system starting to unfold….

The Rest…HERE

This entry was posted on Sunday, June 7th, 2015 at 12:24 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.