Silver To Eclipse $100 On Skyrocketing Chinese Demand
March 12, 2013
With gold and silver rebounding today, acclaimed money manager Stephen Leeb told King World News that silver is now setting up to eclipse $100. “Silver under $30 is a joke,” Leeb said. Leeb believes that China, which has been the primary driver in the gold market, is now going to push silver over $100 as their consumption of silver is poised to skyrocket. Here is what Leeb had to say in this powerful, exclusive interview: “Yesterday headlines were saying there is massive demand for photovoltaics in Japan and China. There is also massive demand for silver in the Middle-East for this type of energy infrastructure.”
Stephen Leeb continues:
“King World News was way ahead of the curve on this because I have been discussing photovoltaics here for quite some time and this is just now starting to hit the mainstream media a little bit. But another circumstance that is of great concern in the Middle-East is the water tables have really crashed. They can’t effectively drill for water anymore.
So in the Middle-East they are going to have to go for desalinization of the ocean and guess what that takes? That takes a lot of silver for photovoltaics energy infrastructure….