West Much Closer To Collapse As Gold War Continues To Rage
April 2, 2013
On the heels of the Cypriot Finance Minister quitting and continued volatility in gold, today acclaimed money manager Stephen Leeb told King World News the West is much closer to collapse than it was even three weeks ago, and gold is being sold to mask the desperate situation the West faces going forward. Here is what Leeb had to say in this powerful interview: “Eric, the thing to remember right now, gold is the barometer of what is wrong with the West. We can look at Cyprus, Spain, Italy, and say the West is sick. But you put the thermometer in your mouth and you see 98.6 (degrees, normal temperature), and that’s because someone is putting cold water on the thermometer right now in the form of selling gold.”
Stephen Leeb continues:
“That can only continue for a certain period of time. After that period of time you will have what is known as the greatest short squeeze the world has ever seen (in gold). It could be that China suddenly decides they have enough gold and come out and say, ‘The yuan is partially backed by gold.’
It could be any number of things but that catalyst is inevitable, it’s going to happen. I see us closer to major changes. A collapse of the current situation….