Greyerz – Jim Sinclair $87,000 Gold and China’s 20,000 Tonnes of Gold

from King World News

As we kickoff another trading week, Egon von Greyerz takes a look at Jim Sinclair $87,000 gold and China’s 20,000 tonnes of gold.

Slumping Into A Hyperinflationary Depression

May 24 (King World News) – Egon von Greyerz: Will gold be confiscated? Yes, of course it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthless paper money.

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