- Failed Gold Gamble To Burn Down Western Financial System!
With gold and silver consolidating, today acclaimed money manager Stephen Leeb told King World News that the West’s now failed gamble in the gold market will only accelerate the destruction of the Western financial system. Leeb believes that China, which has been the primary driver in the gold market, is positioning itself to become the world’s superpower as the West declines. Here is what Leeb had to say in this powerful interview.
Leeb: “Eric, you have to like the technical action in gold. At one point gold dipped below $1,200 and that marked the bottom. Gold reversed that day and despite pauses, it has been in a steady uptrend since then. Gold may consolidate some of the recent gains at these levels, but it’s clear to me that nothing has changed fundamentally in terms of the big picture for gold….
Leeb also added: “The West has been losing tremendous amounts of physical gold in this price suppression scheme, but gold is already starting to bounce back and over time it will head to $10,000 to $15,000. More and more people around the world are realizing that the primary way for them to protect their savings is by owning physical gold and physical silver. This advance in gold and silver will be so violent that I don’t think it will be like anything any of us have seen in our lifetime.