Dr. Stephen Leeb: Beginning of a New Age of Currencies
- Palisades Gold Radio
Tom Welcomes Dr. Stephen Leeb, financial author, wealth manager, and newsletter publisher, back to the show. Stephen discusses China’s imminent plans to launch a digital currency. Initially, it will be used domestically but they plan on taking it international by basing it on a basket of currencies. He believes there will also be a gold backing. It should be simpler to use than the existing monetary system and he expects a lot of countries to adopt this system. A gold backing to this currency will be crucial as the world is tired of the existing US dollar system.