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Leeb - US Government Desperate & Scared Regarding Gold

kingworldnews.com
FEBRUARY 09, 2012


Leeb - US Government Desperate & Scared Regarding Gold

Today Stephen Leeb told King World News the US government is now showing signs of desperation and fear regarding the gold market.  Leeb is concerned the US is destroying its own currency and was not at all impressed by government efforts to label goldugs as terrorists.  Leeb is the acclaimed money manager who is Chairman & Chief Investment Officer of Leeb Capital Management.  When asked how he responds to the government labeling him and others as potential terrorists for owning gold and suggesting people buy gold because the US is going broke after going off the gold standard, Leeb stated, “The nature of a comment like that strikes me as desperation.  When you are turning up the printing presses, common sense tells you that you are destroying your own currency.”

 

Stephen Leeb continues:

 

“You could probably get away with that if there were not an alternative currency out there but there is and it’s called gold.  People are scared to death and whoever is saying that in the United States is scared to death that people will pick up on gold as an alternative currency.

 

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