Putin – The Russian, German, Chinese Connection & Gold
August 19, 2013
With gold and silver consolidating recent gains, today acclaimed money manager Stephen Leeb spoke with King World News about some extraordinary moves that Russian leader Vladimir Putin is now involved in, and how it will impact the gold market. Leeb also discussed China, silver, Europe, Japan, and what investors should expect in the commodities markets in the future. Below is what Leeb had to say in this powerful interview.
Leeb: “Eric, I’m focused on what is happening in Europe right now. After 6 consecutive negative quarters of GDP growth, Europe appears to be turning around a bit here. I think this is extremely significant because if you go back to 2011, commodity prices started to decline on the heels of weakness in the European economy.
Because Europe is the largest economic bloc in the world, this upturn in their economy has put not just a bid under gold and silver, but commodities across the board. As I mentioned last week, when you read the mainstream media you get the impression that China is broke, and that some sort of cataclysm is getting ready to crush the economy….