The Truth On Gold And Silver
“A Crazy World! We have the biggest bubble ever in history and it will all end in tears.”
This is how Egon starts the interview with Lynette. Egon goes on to discuss that we will soon begin a most spectacular secular bear market in stocks and bonds.
Central banks will panic as they fail with their rescue attempt of the financial system. They can never save a world infested with debt of $250 trillion.
In addition, the real derivatives amount outstanding is at least $1.5 quadrillion and when counterparty fails, the derivative bubble will implode.
Egon also talks about the institutions’ scandalous investment policy of buying government bonds that will never be repaid with real money. Retirees will suffer and end up with no pension.
Lynette and Egon agree that wealth preservation is now critical and the best way to protect wealth is to own physical gold and silver.
But precious metals should not be held for the purpose of price gains but as insurance against a rotten financial system.
As the system comes under pressure, central banks will lose control of interest rates which will go dramatically higher.
When you hold gold for wealth preservation reasons, you should not look at the price. Nevertheless, gold and silver will reach much higher levels which Egon mentions in the interview.
Gold and silver is for everyone, not just for the wealthy says Egon. Anyone could afford 1 gram of gold for $45 or an ounce of silver for $16. When hyperinflation arrives like in Venezuela, small amounts of gold and silver will be life-saving.
Egon doesn’t believe in an orderly reset although the US will try. The real reset will be disorderly with bubble assets imploding and gold and silver surging.
Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45
Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.
GoldSwitzerland.com
Contact Us
Egon von Greyerz – Founder and Managing Partner of Matterhorn Asset Management (MAM) and GoldSwitzerland based in Zurich. Egon forecasted the present problems in the world economy already in 2002 when he recommended to investors to allocate 50% of assets into physical gold (at $300) stored outside the banking system. Egon began as a banker in Geneva and was thereafter Finance Director and Vice-Chairman of a FTSE 100 company in the UK. He makes regular media appearances on CNBC, BBC and King World News and speaks at investment conferences around the world. MAM (founded in 1999), specialises in wealth preservation. GoldSwitzerland buys, sells, transfers and stores physical precious metals for private investors and institutions outside the banking system. His website is www.goldswitzerland.com.
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