Monday, 4 February 2013

Acceleration of the Gold Bull Market

"I hate saying this because I’m American, my kids are American, but the West is going to be left holding the bag. This flow of gold from West to East is going to continue. At some point the world will hold gold-backed or partially gold-backed yuan rather than dollars. The Chinese Central Bank has said, ‘We want a reserve currency. We are going to continue to accumulate gold.’ Meaning, they are going to get as much gold into their country from international sources as they possibly can. At a certain point they will have enough.

Now, can I tell you gold is going to take off in the next 6 minutes, the next 6 hours, or the next 6 days? No. But when gold does take off, the world will really see an acceleration of the gold bull market at that point.”

- Stephen Leeb via a recent King World News interview, read the full interview here: