"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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