11:40p ET Wednesday, December 5, 2018
Dear Friend of GATA and Gold:
Interviewed last week by Max Keiser on Russia Today's "The Keiser Report," Swiss bullion dealer Egon von Greyerz said Western central banks will exhaust their gold reserves through leasing and other price-suppressing mechanisms as metal moves from West to East even as central banking generally will forever underwrite gold prices with inflation. With world debt now reaching four times the world's annual productivity, von Greyerz said, that debt can never been repaid except through massive inflation.
So when will gold have its day? Von Greyerz predicts that it will come within the next five to seven years.
Keiser's interview with von Greyerz is 13 minutes long and begins at the 12:45 mark at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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