Stephen Leeb asserts that if the U.S. and China work together to tackle the world’s biggest problems it will eventually result in a new monetary system that will be backed by gold causing gold to rise to anywhere between $25,000 and $36,000 per troy ounce (ozt).
By Lorimer Wilson, editor of munKNEE.com (Your KEY To Making Money!)
Leeb does not provide any substantiation (or a time line) for such a claim so perhaps he really means somewhere between $2,500 and $3,600/ozt. but is using the inflated numbers to grab attention – click bait – for his article (which he has succeeded in doing). He also postulates that if the U.S./China rivalry continues unabated we will experience rampant inflation and unbelievably high gold prices although, under such a scenario, he doesn’t provide a specific target price for gold.[Read Leeb’s article on King World News]