Author Archive

Gold industry is facing higher cost

Written July 24th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 24, 2014

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”…… Read the rest of this entry »

Exchange Controls And Perfect Fake Gold & Silver Coins

Written July 18th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 17, 2014

Greyerz: “Eric, the U.S. dollar hegemony and role as a reserve currency is soon going to come to an end. This will lead to a precipitous fall of the dollar. The further consequences will be severe U.S. exchange controls. It will be virtually impossible for private individuals to transfer any funds out of the United States. It won’t matter if the transfer is for investment purposes or for holiday use. The fall of the dollar will also lead to major pressures in the U.S. economy and the U.S. financial system. So the U.S. will experience bail-ins and the U.S. will see forced transfer of savings into Treasuries as the budget deficit escalates to a much higher level…… Read the rest of this entry »

Gold Manipulators are Desperate

Gold Manipulators are Desparate

From Egon von Greyerz

With virtually empty gold vaults, the central banks and bullion banks are now becoming desperate.

The action we are seeing in the paper gold market with the recent $50 takedown is yet more proof of the corner that the gold manipulators have put themselves into by having virtually no physical gold left.

A rising gold price is dangerous for the manipulators. This would inevitably lead to more physical demand, something that would be disastrous for the manipulators. As the holders of paper gold begin to realise that neither Comex nor the bullion banks or the Central banks have a fraction of the gold required to satisfy the gold paper claims, they will demand delivery. With the paper gold market being up to 100 times the physical market, there will of course be nowhere near the gold available at current prices to satisfy the outstanding paper claims.

The gold manipulators are going to lose this game. This is a certainty. The only question is when. They have managed to frighten investors by manipulating the price down substantially in the last few years. In spite of that gold has gone from $250 in 1999 to $1,300 today.

The reason why the manipulators now are desperate and that we are getting nearer to a cataclysm is that physical demand has been at very high levels in the last few years mainly due to substantial buying from Asia and in particular China. This has led to the physical gold in the vaults of the bullion banks and central banks migrating from the West to the East.

As both the world economic and geopolitical situation deteriorates this autumn, we are likely to see major changes in markets. As the dollar comes under pressure, the precious metals will be major beneficiaries. This will lead to the beginning of the end of the manipulation in the paper gold and silver markets and strongly rising gold and silver prices.

Dr. Paul Craig Roberts and Dave Kranzler have just published an excellent commentary, with some very telling charts, on how the gold market is being manipulated.

“The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June. During this move higher, the hedge funds, who typically “chase” the momentum of gold up or down, built up hefty long positions in gold futures over the last 6 weeks. In order to disrupt the upward momentum in the price of gold, the bullion banks short gold in the futures market by dumping large contracts that drive down the price and make money for the banks in the process.”…

Please go to PaulCraigRoberts.org to read the full ‘must read’ article.

2008 Meltdown Revisited – There’s No Solution

Written July 16th, 2014 by
Categories: Latest Articles, Media appearances

Greg Hunter of USAWatchdog.com interviews Egon von Greyerz

July 15 – 2014 (20 minutes)

Egon von Greyerz: I just had the pleasure of being interviewed by Greg Hunter of USA Watchdog during my holiday in the beautiful archipelago of Stockholm.
Amongst other things we discuss the demise of the dollar which of course is timely with the announcement today of a BRICS Contingent Reserve Arrangement. Bail-ins will be the norm as the banking system fights for survival and 2008 will seem like a gentle rehearsal in relation to the calamities that we will see in financial markets as well as geopolitically starting this coming autumn. Read the rest of this entry »

The world economy cracks are turning into black holes

Written July 10th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 10, 2014

About Banks, Hungary, Portugal, Draghi, Fatca

Greyerz: “Eric, the cracks in the world and the world economy are getting greater by the day, and we are soon entering a stage where these cracks will turn into black holes. One of Portugal’s largest banks is now under real financial pressure. And in Austria, the Hypo Alpe Bank is finished. Erste Bank is also under pressure due to major losses on mortgage loans in Swiss francs to Hungary and Romania. We’ve been discussing for a while how the European banks are not reflecting their true bad debt situation, and this is not just in countries like Spain, Italy, Portugal, and Greece, but also in France….. Read the rest of this entry »

Investors will try to catch a falling knife

Written July 5th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 3, 2014

Greyerz: “Eric, I am focused on the key indicators that will determine what will happen in the world in the next few years. What is frightening is that there are so many risk factors where each one can singularly change the fate of the world. I am looking at currencies, and particularly the U.S. dollar’s race to the bottom. I am also looking at major bubbles in stocks worldwide and the unsustainable debts that will never be repaid. And of course interest rates which will surge to levels that few people think are possible….. Read the rest of this entry »

Bonds will be good only for lighting fires

Written June 29th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – June 28, 2014

Greyerz: “I’ve just come back from the United States. What surprised me was how bullish some people are about the U.S. economy and the equity markets. The mainstream media continues to fuel this totally misplaced optimism. I was watching one mainstream media news channel when the revised GDP figures came out at minus 2.9 percent for Q1. The reporter stated that in a survey of 25 economists, every one said the drop was due to climate and therefore was an aberration….. Read the rest of this entry »