Silver And The Ongoing Monetary Reform

Stephen Leeb’s book “Red Alert", published in 2012, argues that the Chinese understand the issue of resource scarcity much better than the West and as a result of their accumulation of vital resources may leave the West in a nearly untenable position within the next decade. The silver market is already in this untenable position ! Leeb, in an interview on KWN, told that the Chinese, who have just 3% of the gold reserves and gold mines with very low-grade ores, are exploiting unprofitable mines. The reason given by his Chinese well-connected alter ego was: "China needs the gold to back its currency". Apparently, they have been in a hurry to fill that aim for years! Nearly each argument for gold in that interview could be applied for silver. Analysts should think like the Chinese, while silver had been the only monetary stallion in China for centuries. And we are just a few months away from a major monetary reform. China has clearly described wha...

from GoldBroker.com https://www.goldbroker.com/news/silver-and-the-ongoing-monetary-reform-1376