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
 
 

Leeb:  “I am focused on China right now.  The dollar is down against the euro today because Germany had stronger than expected industrial production, but nobody is really focusing on what’s going on with the Chinese yuan and their massive gold purchases....


Continue reading the Stephen Leeb interview below...




Advertisement


To hear which company legendary Keith Barron founded, personally

invested millions into, and is poised to become

a uranium superpower click on the logo:





“The yuan is setting all-time highs.  China is playing the game and they are dominating right now.  Countries have been battling each other in order to cheapen their currencies.  The problem with a cheaper currency is that commodities cost more.  So China has decided to opt for a higher currency.


The move in the yuan overnight was one of the most significant upticks I have seen.  LIke I said, the yuan moved to an all-time high.  The yuan has advanced roughly 5% against the US dollar in just nine months.  China also imported over 200 tons of gold for the most recent month.  That is an extraordinary number.  At that rate that’s over 2,400 tons of gold per year on an annualized basis.


This simply speeds up the point at which China will be the largest gold holder in the world.  China saw gold come down and they didn’t just buy on the dip, instead they bought as much as the market would give them.  And, again, you see the yuan going up so that is making the price of gold even cheaper for the Chinese. 


It’s only a matter of time before the Chinese back the yuan with gold.  This will push the yuan front and center as a key element in terms of being part of the world’s reserve currency basket.  China gets the message.  They are doing whatever it takes to establish their dominance in the world, particularly in the commodity arena.  Their currency is flying and they are importing as much gold as they possibly can. 


All of this spells incredible upside for gold.  Hang on to your gold, and buy more if it comes down in price.  And especially buy silver.  When gold takes off, silver will be gold on steroids.”


© 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 John Embry, Dr. Paul Craig Roberts, Jean-Marie Eveillard, Dr. Stephen Leeb, Bill Fleckenstein, Eric Sprott, Gerald Celente, Andrew Maguire and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Art Cashin, Marc Faber and Felix Zulauf 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