The New Monetary Reserve System – Palisades Radio Exclusive Interview

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Original publication credits attributed to Palisades Radio

Exclusive Interview with Top Money Manager and World Renowned Economist


Dr. Stephen Leeb, Ph.D

Dr. Stephen Leeb, Chairman of Leeb Group Research, talks about the opportunities in commodities investments and the outlook for China’s commodities consumption.

Dr. Stephen Leeb Ph.D., is a prolific author of best-selling books that present his macro-perspectives on global economic trends. He is frequently quoted in the financial media, including Investor’s Business Daily, USA Today, The New York Times, and The Wall Street Journal. Additionally, Dr. Leeb is a regular guest on Fox Business News including on Neil Cavuto’s popular Boomers segment and has appeared on Bloomberg and CNN. He is founder and Research Director of Leeb Group, an investment management company based in New York. As editor of subscription-based investment publications including the award-winning The Complete Investor, he delivers timely, unbiased investment analysis of the financial markets, reaching hundreds of thousands of readers worldwide through his letters, online advisories, and blogs.

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Palisades Radio Host, Tom, welcomes Dr. Stephen Leeb, financial author, wealth manager, and newsletter publisher, to the show. His interest began to shift in 2000 towards gold when it was apparent that globally we were reaching a significant turning point. Dr. Leeb discusses the gap between developed and emerging countries and how China’s growth has mainly driven that change. This gap has since closed significantly and continues to do so. This trend has resulted in a vast and growing demand for commodities. The developing world is now more massive than the developed world and is growing much faster.

He discusses the reasons why gold has value and why holding it is so important. Like many other commodities, gold has outperformed. We will need massive amounts of copper, iron ore, and silver for the emerging economies and electrification. Silver has some of the best properties of any metal, and it’s not at all clear where we are going to get more. He expresses concerns about our dependency on rare earth metals and the risks of not having stockpiles. Today, the U.S. has little input in some major supply chains like semiconductors; thus, we are now entirely dependent on others’ kindness. Stephen argues American ingenuity through companies like Bell Labs during the last century led to much of today’s prosperity. We have now lost our competitive edge, mainly due to Nixon ending the gold standard. Subsequently, we moved to an undisciplined economy that could spend without restriction.

He discusses what a new monetary system would likely look like and why it will be a digital currency basket backed by gold. China is currently testing digital currencies, and internally they are already on a de facto gold standard. In China, citizens are encouraged to buy gold, which they can do at most banks. Western central banks are just beginning to take notice and look into digital currencies. Lastly, Stephen discusses where gold could head over the next twenty years. Bottom line commodities will continue to play a massive role globally, and investors should own some gold.


AUTHOR…INVESTMENT ADVISER…MONEY MANAGER

Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is known for his prescience in connecting the dots among hidden or overlooked trends – macroeconomic, scientific, and geopolitical – and accurately describing the investment implications, often going against the conventional wisdom. He is the author of nine books on investing and geopolitical trends including his most recent book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World (2020, McGraw-Hill Education). He is founder and editor of the award-winning investment letter The Complete Investor, published by Capitol Information Group, a Washington, D.C.-based financial publisher. Stephen is chief investment officer of his own wealth management firm based in New York City.

Stephen

Dr. Stephen Leeb Ph.D.


13 COMMENTS

  1. Hi there… a shout out from London. Just finished the last chapter of China’s Rise… really recommend it to all the others out there because the book reveals much more than just investing in gold and china’s role, it’s really a foretelling of what is to come economically and if you are worried about your financial future and maybe shaky on what to invest in- this book is worth a million times more than the $20 I paid for it on Amazon Kindle. Cheers.

  2. It’s amazing how so my financial advisors wont let you out of the market to buy gold or silver bullion. It makes sense tho- they only make money when they are in control of keeping all of your investment funds tied up in the stock market. I’ve been with Fidelity for a decade and after reading several of your recent articles, I’m a bit leery to continue to allow a total stranger to manage my portfolio. They don’t have any personal vested interest as to whether or not I make a return on my investment because they make money when the market is up and when the market is down. It’s almost sad that so many people just blindly follow the advice of financial professionals. In 2008, I lost $80,0000 out of my portfolio and with the way the world is going these days, I’m leaning much more towards physical assets like bullion than ever before.

  3. I was a bit leery to move away for total investment in ETFs but now I have diversified into silver bullion and taken some interest in the ETF stocks for some mining companies for various commodities that you have featured in your articles. Thank you for sharing your knowledge and I look forward to new articles every week!

  4. After following some of your blog article topics, I’ve really changed my perception of what I need to do for diversification in my portfolio. I also very much appreciate the advice you mentioned not to follow the 60/40 advice of CFA because I was so heavy in stocks and after taking a hard look at my portfolio, I realized that my CFA was not actually working in my best interest. Perhaps others should think about this too. No one will care about your money as much as you do- because well, you earned the money and you want it to grow- hence the reason you have the money invested. I’ve moved into more commodity ETFs and I’m seriously considering gold bullion as I can afford to add it to my investment holdings.

  5. I really appreciate the content of the article you put out there. Can you publish a bit more about rare earth and mining ETF’s? It’s really hard to get sound advice about investing in that sector.