Leeb: Chinese Diplomat Lets Slip That Gold Is To Back The Yuan

``I was just speaking to a Chinese diplomat and I said to their diplomat, ?Your two most important commodities are water and gold.'� And this diplomat said to me, ?Yes, we need gold to back up the yuan.'� Well this diplomat realized very quickly they had made a terrible mistake in admitting that and began to back off and stated, ?No, it's not to back the yuan.� It's because of jewelry.'� But it was too late, the horse had left the barn so-to-speak.''

Source: http://ml-implode.com/staticnews/2012-12-21_LeebChineseDiplomatLetsSlipThatGoldIsToBackTheYuan.html

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