Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

IGNORE THE NOISE

IMG Auteur
Published : June 21st, 2012
558 words - Reading time : 1 - 2 minutes
( 6 votes, 4.2/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Editorials

 

 

 

 

For several years I have stressed to investors that they must focus on real issues and the big picture and ignore all the background noise that is produced by the media and so called financial experts. The scene for what is happening today and will happen in the next few years has been set for years and even decades. What happens to Greece, what the Fed or the ECB do has no effect whatsoever on the extremely severe long term economic and social decline which the world will experience in the next few years.


These daily events just create short term volatility caused by irrational and short term oriented investors/gamblers. As I have been stating in many articles and interviews over the last few years like “Alea Iacta Est” (the die is cast), or the “Dark Years Are Here”, the world is virtually certain to experience a hyperinflationary depression of a magnitude that will have a massive impact for the majority of the world’s population for years and probably decades. And there is no short term action taken by governments that can change the outcome.


The depression has already started in countries like Greece and Spain and will soon spread to most European countries as well as the USA, Japan and even China.


As Richard Russell of Dow Theory Letters who experienced the 1930s has been saying for years, in a depression everybody suffers, it is just a question of who suffers the least. As the depression spreads, governments and central banks will continue to destroy the value of money by printing unlimited amounts of worthless paper. This is when the suffering worldwide will accelerate. Not only will many people be without jobs, they will also be without a social security support system and with virtually no pension. And whatever little money people will have will have no value due the hyperinflationary prices of goods and services. For a few privileged investors it is still time to preserve assets and purchasing power by purchasing physical gold and storing it outside the banking system. Although gold has gone up around 6 times in the last ten years, it is still cheap and will continue to reflect the destruction of paper money.


In a audio interview with Eric King of King World News (KWN) from 17 June, I cover these very important events in more detail. KWN has an impressive stable of independent thinkers who are interviewed every week. On 16 June for example there is an important interview with Gerald Celente who is a (or rather ‘the’) world renowned trend forecaster. Since most of the media only covers conventional wisdom and what happened yesterday, KWN has a very important position in featuring interviewees who clearly and objectively can understand the real issues. In my interview with KWN of yesterday I also cover what is likely to happen to gold in the next 12 months. I do agree with James Turk that we are likely to see a major move in gold starting this summer.


Egon von Greyerz

Mattherhorn Asset Management AG

Matterhorn Asset Management has set up a separate Gold Division called GoldSwitzerland (www.goldswitzerland.com)  in order for investors to purchase physical gold at very competitive prices and store it in their own name in Zurich, Switzerland outside the banking system and with personal access to their own gold bars.

 

 

 

 

 

Data and Statistics for these countries : China | Greece | Japan | Spain | Switzerland | All
Gold and Silver Prices for these countries : China | Greece | Japan | Spain | Switzerland | All
<< Previous article
Rate : Average note :4.2 (6 votes)
>> Next article
Egon von Greyerz is the managing director of Matterhorn Asset Management AG based in Zurich Switzerland. He specialises in wealth preservation with the special emphasis on physical gold stored in Zurich outside the banking system.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Libertarian Paradox
14:56sam_site
As your article suggests, the state claims to insure an orderly environment so liberty can flourish. The reality is that the state promotes f...
The Truth About War and the State
01:10sam_site
Waugh Despite rigging as you say, Ron Paul couldn't even get eight states in 2012. He was too honest - with his "we can't afford the welfare a...
John Maynard Keynes, Immoralist
23 Sepsam_site
Intense Article. Behind the scenes, a Globalist cabal requires a champion like Keynes to legitimize the creation of fake money so the central...
What Gold and Silver Analysts Ov...
19 SepS W.
Well here it is 12 years on and never a truer article has been written. Gold is money and every thing else is "toilet paper" .. to paraphr...
Allegations of Fraud Surface Ove...
18 Sepkevthorne
Excellent article, Mish - it's about time this was highlighted - it is happening all the time here in the UK, with insurance companies, 'phone comp...
Ken Rogoff’s Government Debt Def...
18 SepDRGEORGE1
I thought James Grant's dismissal of this dangerous piece of propaganda was good but yours, Peter, was even better. Please, everyone, who reads and...
Allegations of Fraud Surface Ove...
17 SepGoldGrl0
Mish, you should stick to finance. Publishing unsupported attack rumors won't hurt H, but will hurt your reputation.
The Truth About War and the State
17 Sepkev43211
We will never get anywhere with this characterization of the state. The state is not some malevolent monster always seeking war. However, the sta...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS