Stephen Leeb tells King World News:
"... The Chinese leadership needs to worry about future water, silver, and gold supply needs. On the flip side, a think tank just reported that China has 17 minerals that the West will need. So China has a bit of a monopoly on certain critical materials.
"But China isn’t just going to need gold, silver, and water. They will also need oil. What the IEA is saying is a complete joke. These were the same people that were saying that Saudi Arabia was going to produce 20 million barrels of oil. Now they are saying US oil production will be greater than that of Saudi Arabia by 2020.
"These are crazy times, but yes, China knows they will need gold, silver and oil. There is surprisingly little gold left in this world. There is very little left in the ground. This is one of the major reasons why you see major mining companies having so much trouble with production, even though gold has been in a 12-year uptrend.
"These major just can’t increase production, and increasing capital costs are hurting them as well. This is why I believe gold, silver and the junior mining shares are set to rise dramatically. I think this is especially true for the junior miners because that’s the only place where you can find meaningful supplies of incremental gold. ..."
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