Greyerz: “Today there are massively elevated risks in the world both geopolitically and financially. With these risks we could see a change in markets at any time. I see investors in the two biggest markets in the world, bonds and stocks, being totally oblivious of what’s going to hit them. But before this is over, the world will experience asset destruction of a major proportion. I see stock markets coming down 90 percent in real terms (versus gold), and bond rates reaching 20 percent in coming years. At that point we will be looking at a very different world”……
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Egon von Greyerz
