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.