Greyerz – China Bought 212 Tonnes Of Gold Last Month, 16,000 Tonnes Since 2008!

"As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told with King World News that China just bought another 212 tonnes of gold, which means they have purchased a staggering 16,000 tonnes of gold since 2008!

May 7 (King World News) – Egon von Greyerz:  “It can’t happen here! What is happening in Venezuela and Argentina cannot occur in Western economies. That’s at least what markets believe with stocks and most bubble assets remaining in cuckoo land. Rates in Argentina have just gone to 40% to protect the currency. Anyone who believes that rates in the US will remain at current low levels or that German and Japanese rates will remain negative has a massive shock coming…"

at https://kingworldnews.com/greyerz-china-bought-212-tonnes-of-gold-last-month-16000-tonnes-since-2008/