06.10.2014 - China’s Golden Plans For A New Reserve Currency
In a recent interview, Stephen Leeb, founder of the Leeb Group, discussed what he believes are China’s plans to buy more gold and make the yuan the world’s reserve currency. Leeb said that although gold is declining, “People that see what’s happening in the world, especially the Chinese, are getting a lot more serious about” gold. They are, he said, “Determined to get gold, [and are] in a hurry to get gold.” Xi Jinping, the General Secretary of the Central Committee, and Premier Li Kequiang, Leeb said, “Have done a remarkable job.” Although they have only been in power less than two years, they have “really addressed [corruption] and attacked it.” They “have really made China a much better place to do business….You don’t have to worry about someone coming along with a bigger bribe” anymore...............................................Full Article: Source
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