Stephen Leeb tells King World News:
Now the only sanctions that Russia has issued so far have embargoed food imports from the European Union. Also, the Baltic States continue to suffer, and France is in the midst of a government revolt. The French economy is in shambles. If you look elsewhere in Europe, it’s hard to find growth anywhere. Even Germany is struggling.
At the same time, we have the Russians making their largest gold purchases in the past few years. It is interesting to see the Russians buying gold instead of worrying about protecting their currency. So far their strategy of adding gold reserves seems to be working. They even announced that they are going to let the ruble float.
This just shows me that the Russians are very confident about their monetary situation. ...