Get Ready Because China Is Going To Push Silver Over $100

Today an acclaimed money manager warned King World News that investors need to prepare themselves because the Chinese are going to push the price of silver over $100.  Stephen Leeb also said the price of gold is headed into the stratosphere as well because the Chinese have plans to make gold part of the monetary system.

Leeb:  “Right now the situation in Iraq is very precarious.  The current leader of Iraq is the guy that both Russia and Iran want to stay in power.  Russia and Iran don’t want a lot of oil coming out of Iraq.  It doesn’t do Iran or Russia any good if a lot of oil is coming out of Iraq because they both want higher prices….

Continue reading the Stephen Leeb interview below…

“Where are the sanctions against Russia.  There are no sanctions against Russia.  Russia continues to talk to Germany on a daily basis.  What I mean by that is Putin continues to talk to Merkel on a daily basis.  Also, China and Russia have a nearly half trillion dollar pact, and that’s just the start of things.  Their armies and navies are uniting.  They are also trading energy in rubles and yuan.

I was looking at a report from British Petroleum and it said the energy demand has grown 2.4 percent since the beginning of this century.  Now that may not sound like a high number, but it’s one of the highest numbers we’ve seen in the past 35 years.  That growth in energy demand comes on the heels of the lowest GDP growth over the past 13 years.  This is the lowest GDP growth the world has experienced since World War II.  So we are getting this growth in energy demand without any real economic growth.

The world has it’s head in the wrong place, to put it politely.  We are focusing on getting all of this expensive energy out of the ground.  The fracking situation is becoming a train wreck.  This is no way to run a business, a country, or a world.  The West is completely lost, but there are two countries that get it in spades:  Germany, which has the largest renewable energy infrastructure in the world, and the other is China, which incidentally just raised their target for photovoltaics to a remarkable 70 gigawatts by 2017.

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