Aug 13

Billionaire Crispin Odey, Who’s Had A Pretty Terrible Year, Is Betting Everything On Gold:

“World money supply stands at around $83 trillion – some ten times its level at the start of the millennium. Gold has a value less than $7.5 trillion, of which 57% is for jewellery, 22% is invested and only 17% is held by central banks. So central banks have printed over $80 trillion of money, backed by only $1.27 trillion of gold.”

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