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Leeb:  “The developed world remains desperate to keep gold down as long as they possibly can, and to keep silver down as well.  Gold is a threat to the developed world.  Of course you don’t sell 400 tons of (paper) gold for no reason, in an asinine fashion.


You don’t watch your COMEX inventories draw down.  There are so many signs of desperation....


Continue reading the Stephen Leeb interview below...




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“The West is getting more and more desperate.  I hate to say it, but I think we are fighting a losing battle.  Gold is going to end up in the East, in China, Vietnam, and Singapore, and gold is going to be somewhere between $5,000 to $10,000.


And the press has done such a good job in downplaying gold and talking people out of it.  When you see things like this, Eric, it’s desperation.  If there is anything that convinces me that gold and silver are going to go so much higher, it’s the kind of desperation you see on the part of the West to keep these metals down.  To keep people from actually realizing that gold is actually a currency.


From the BIS, to Warren Buffett, to bankers everywhere, they want the dollar to stay the reserve currency.  It won’t.  It can’t.  Not in an economy that is decaying at the rate we are decaying.  


So my message to people that own gold and silver, I would continue to buy it.  I would have a plan where you buy more each month.  A 400 ton sale of gold is an act of utter desperation.  Be prepared for an absolute explosion (in price).  It’s a question of when, not whether.


Leeb also added:  “The most important (government) number you can verify is median real income.  The average 50th percentile household in this country (the US), how is that household doing?  Well, I’ll tell you how that household is doing.


Since the beginning of this century that household, in real (median income) terms, is down about 10%.  The greatest fall since the Industrial Revolution began in terms of real median incomes.  That’s a number that probably exceeds the fall in real incomes that we saw during the depression.  All of these (types of) things puts the US in a box, and it’s going to make people less willing to accept the dollar.


In the meantime, every time you see a big drop in gold, the people smart enough to buy it are the people you want to bet on.  In this case, those people are the Chinese.”


The above section was just a small portion of what Leeb had to say regarding gold and silver.  He covers a great deal of ground in a short period of time, discussing Europe, the US, Asia, and gold and silver at length.  The 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 audio interviews with Dr. Stephen Leeb, Rick Rule, Gerald Celente, Jim Grant, Michael Pento, Egon von Greyerz, Andrew Maguire, Art Cashin, William Kaye and MEP Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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