.I know you guys like a laugh....from Jim Sinclair.
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China owns between 20,000-29,000 tons of gold,they will have to make up for their huge loss of national sales and export losses. China,may choose to play their gold card through a currency backed by gold or crypto currency,tied to gold. The spot price of gold will surge to produce multiples of the current gold spot price and may happen rather quickly,as they will need foreign currency to recover from this epidemic and to re- assert themselves in the manufacturing world.,as it stands now they can not feed their biilon plus population without vast imports of foods and necessities
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