Diplomat Admits China Is Accumulating Gold To Back The Yuan

from KWN:

Today acclaimed money manager Stephen Leeb stunned King World News when he said he was recently speaking with a Chinese diplomat and the diplomat accidently admitted to him that China was accumulating gold specifically to back the yuan.  This was a shocking admission and the diplomat then attempted to backtrack but it was too late.


But first, here is what Leeb had to say about what is happening in the gold war:  “The Federal Reserve here in the US recently announced they are willing to print over $1 trillion worth of paper in the next 12 months.  We can print as much money as we want but it’s not going to do any good.”