IF the People’s Bank of China (PBoC) supports the Yuan with gold, approximately 1,000 tons, the move would send the price of gold soaring to $64,000 per ounce, 50 times the current price.

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Bill Murphy & Chris Waltzek

from GoldSeekRadiodotcom:

Bill Murphy from GATA.org and the host discuss a report from Bloomberg Newsanalysts who claim, if the People’s Bank of China (PBoC) supports the Yuan with gold, approximately 1,000 tons, the move would send the price of gold soaring to $64,000 per ounce, 50 times the current price.

In addition, reports from Venezuela indicate 64% inflation, approaching 5% per month as the Bolivar currency collapses.

Venezuelan money growth is approaching exponential levels, eerily similar to the Fed’s balance sheet.

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