Today acclaimed money manager Stephen Leeb told
King World News there is an investment and industrial squeeze taking
place in the silver market. Leeb stated, “The coming move in gold and
silver will mark a major turning point in what will probably be the
greatest bull market people will ever see in their lifetimes.” Here is
what Leeb had to say: “I think the key to this market is
understanding when commodities are going to breakout and how high they
will go. Investors need to understand that once commodities breakout,
the higher prices will be a constraint on growth going forward.”
It’s taking the Fed 7 years
to send only 300 tons of gold back to Germany. But China is importing
700 to 800 tons of gold through Hong Kong in a single year. So gold is
flowing from the West to the East. Meanwhile, Germany is pleading with
the Fed, ‘Can we get some of our gold back?’
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Stephen Leeb continues:
“Higher commodities also
cement gold as the go to currency. In fact, gold will be the only
meaningful currency once commodities become truly scarce. Countries are
going to be less likely to want to take paper money going forward
because there is a race to the bottom in all currencies.
Last year the average price for Brent crude set an all-time high....
“And we have seen oil continue to rise
recently. But circling back to gold, we have really seen a classic
trading range that has been going on for a long period of time. When
you get one of these trading ranges, what you are seeing is gold moving
from weak hands to strong hands.
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