Stephen Leeb tells Eric King:
If we look at the Middle-East, you have Russia sending missiles to protect Syria against blockades and no fly zones. It also suggests that Russia will do the same for Iran. Of course all of this has to do with oil. Since 2007 the Russian economy has been a mess and it is in Russia’s best interest to keep the oil prices elevated. Continued uncertainty in the Middle-East feeds into that objective.
While this may be bad news for the world, it’s certainly good news for gold. Higher oil is good for gold, and so is continued economic uncertainty. Right now the West is doing everything it can to keep gold from being recognized as a currency. But as soon as gold becomes recognized as a currency, not just a de facto currency but a real currency, it’s game over for the US dollar.
So this is what the West is fighting. Earlier today ...