If you have a race to the bottom with all paper currencies, who is going to win? Is it any accident that the BIS, who define the rules for banks, are actually considering making gold a Tier-1 asset? That could imply a re-pricing of the gold market. I mean massive re-pricing because all of a sudden (gold) is, de facto, backing up some of these currencies.
I think that’s where we’re headed. I don’t see how you avoid it. Gold is taking center stage.”
- Stephen Leeb, via a recent King World News interview: