by Chris Waltzek
Dr. Stephen Leeb, best selling author and head of The Complete Investor returns to the show with comments on his soon to be released magnum opus on gold, sure to be his 8th bestseller. According to Dr. Leeb, gold is destined to return as the currency backing asset of choice, even the US dollar will eventually carry gold weighting. While various US gold stockpiles, such as Fort Knox may or may not contain the reported 8,000-10,000 tons of the yellow metal, Dr. Leeb speculates that China may hold up to 10 times the reported 3,000-4,000 ton total. If his thesis is correct, this will give the nation a huge strategic advance in the coming years. It’s not too late for US officials to follow their lead, by adding to gold reserves in anticipation of negative US interest rates.