Stephen Leeb continues:

“What more could you want than a quote from the Finance Minister of Japan, Taro Aso, ‘Foreign countries have no right to lecture us ... The US should have a stronger dollar.’  And he questions whether a major group of 20 nations have stuck to pledges from 2009, to avoid competitive currency devaluations.

Of course they haven’t stuck to those pledges.  We can’t get our currency low enough....

Continue reading Stephen Leeb’s interview below...


To hear which company legendary Keith Barron founded, personally

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“They (the Japanese) want to be the first to the bottom because they realize exports are the only way they can grow.  No one has new ideas about starting any new industries in this world.

Now, is it any surprise that these new proposed regulations in Basel III for banks are considering and probably will put gold as a Tier-1 asset?  That’s a very big deal because it means if banks want to recapitalize, they have to bet on something that’s going to go up.  What are the chances of bonds going up in this kind of environment?

So if you are the Chinese and you want to recapitalize your banks and get rid of those bad loans, you go along with gold as a Tier-1 asset and you let gold’s value rise.  And presto, you have covered those bad loans and you’ve recapitalized your banks.

That’s reason number two for gold because there is nobody with more money in the world and who is more capable of adding gold (to their reserves) than the Chinese.  I think China ended the year with about $3.3 trillion of foreign exchange reserves. 

In a world where there is a race to the bottom in currencies, do you really think the Chinese want to hold their reserves in euros, dollars and yen?  No.  They are going to hold them in gold and let gold go higher.  This may be the year in which the Chinese really do let gold fly.  When gold starts underlying their currency, it’s game over.  The Chinese have won.”

This is a powerful interview with Leeb because he lays out the case for gold and silver moving dramatically higher in 2013 with the help of the Chinese. The KWN audio interview with Stephen Leeb is available now and you can listen to it by CLICKING HERE. 

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management and the

author of “Red Alert: How China's Growing Prosperity Threatens the American Way of Life”

Just released, to order from Amazon CLICK HERE.

The interviews with Stephen Leeb, John Embry, John Mauldin, Michael Pento, Egon von Greyerz, Gerald Celente, Andrew Maguire are available now.  Also, be sure to listen to the other recent KWN interviews which included , James Turk, Rick Rule, Nigel Farage, Bill Fleckenstein, John Hathaway and Ben Davies by CLICKING HERE.

Eric King

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© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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