Sunday, January 13, 2013

Chinese To Increase Gold & Silver Storage A Staggering 180%

"Today acclaimed money manager Stephen Leeb told King World News the West is becoming even more desperate as the Chinese are going to increase storage a staggering 180% this year for gold, silver and other metals. Leeb continues to believe that when the Chinese eventually have gold underlying their currency the game is over. Here is what Leeb had to say: “I’m focused on this battle between the West and the East right now, and the Basel III situation. The Basel III ratios that discuss liquidity ratios the BIS wants the banks to maintain so they can survive a bank run are utterly baffling. The puzzling thing was what they said banks could hold in the event of a run on the banks or a liquidity squeeze.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/12_Chinese_To_Increase_Gold_%26_Silver_Storage_A_Shocking_180.html

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