“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
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