Excerpts:
”Tom Welcomes Dr. Stephen Leeb, financial author, wealth manager, and newsletter publisher, back to the show. Stephen discusses China's imminent plans to launch a digital currency. Initially, it will be used domestically but they plan on taking it international by basing it on a basket of currencies. He believes there will also be a gold backing. It should be simpler to use than the existing monetary system and he expects a lot of countries to adopt this system. A gold backing to this currency will be crucial as the world is tired of the existing US dollar system.”
”Commodities are increasingly crucial for society and a lot more copper is going to be needed. Energy will continue to be incredibly important to the world. The world isn't going to accomplish what is needed under the US dollar system.”
Kind regards,
Mvh,
GOR Price at posting:
$1.40 Sentiment: None Disclosure: Held
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(20min delay)