KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 
 

Stephen Leeb continues:


“King World News was way ahead of the curve on this because I have been discussing photovoltaics here for quite some time and this is just now starting to hit the mainstream media a little bit.  But another circumstance that is of great concern in the Middle-East is the water tables have really crashed.  They can’t effectively drill for water anymore.


So in the Middle-East they are going to have to go for desalinization of the ocean and guess what that takes?  That takes a lot of silver for photovoltaics energy infrastructure....


Continue reading the Stephen Leeb interview below...




Advertisement


To hear which company has one of the highest grade gold deposits

in the entire world, as well as a number of other

extraordinary projects click on the logo:






“Yes, the Middle-East still has a lot of oil, but they have to export that oil in order to maintain their budgets.  This leaves the Middle-East as a major user of solar energy going forward.


You are going to continue to see the use of solar energy accelerate in the future as places like the Middle-East and Asia face greater energy needs.  These countries are now focusing as much on solar energy as they are on wind energy.


The implications here are just extraordinary.  Photovoltaics already accounts for about 5% or 6% of all of the silver that is mined in the world.  We will see that grow at 30% or more for the next five years.  There is simply not enough silver in the world to accommodate photovoltaics.  When you add to that the industrial and investment demand for silver, you know silver is setting up to break $100.  Silver under $30 is a joke.  It really is a joke.”


Leeb also added:  “China is encouraging the international use of its currency.  The end game here, and what is really the beginning of the next bull move in gold, is going to come from two inflection points:  One is the massive flow of gold from West to East.  The other is this move by China toward energy independence.


After the Chinese have accumulated enough gold to back the yuan and they have moved toward energy independence, that is when the dynamic of this world is going to change.  That is when you are going to see the value of US dollar destroyed.


But if there were ever a group of assets that were undervalued it would be these high quality junior gold and silver mines.  Many of these stocks which were $15 to $18, are now trading around $4.  Well, as gold just heads back to $1,900, these stocks could easily go to those old highs.  I’m not even talking about gold breaking to new all-time highs, just getting back to $1,900.


We are just looking for a change in sentiment right now, and that negative sentiment in gold is waiting to change.  It’s just a question of when, not whether.  The only question is, are these quality stocks going to go up 5, 10, or 20 times in price?  They will be heading at least 5 times higher, but they could ultimately move 20 or 30 times higher in price.  The bottom line is as the bull market in gold accelerates going forward, fortunes will be made in these quality mining companies.”


© 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 James Turk, Jim Sinclair, John Embry, Gerald Celente, Dr. Stephen Leeb, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now.  Also, be sure to listen to the other recent KWN interviews which included Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

To return to BLOG click here.


 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 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.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_27_link_0shapeimage_27_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_28_link_0shapeimage_28_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html