Author Archive

Gold is a belief – Grant Williams

THE MATTERHORN INTERVIEW – November 2014: Grant Williams

“Gold is a belief”

I gives me particular pleasure to welcome Grant Williams to this month’s interview. Grant has a great grasp of markets and always explains complex matters so that we all can understand them. He also is a wonderful individual and a good friend. This interview on the gold market is fascinating and really worth listening to.

Egon von Greyerz

Podcast interview: This month financial journalist Lars Schall talked with highly respected Singapore-based fund manager Grant Williams about, inter alia: the philosophy of gold and money; gold as “power money”; the bad effects of central bank interventions; the Swiss Goldinitiative; and the question whether gold will become the ultimate bubble in the future after the bubbles in bonds and equities will have popped.

By Lars Schall

The article that Grant Williams refers to in the above interview is “Deus ex machina”.

Grant Williams is the author of the widely-read financial letter, Things That Make You Go Hmmm… (www.ttmygh.com) the founder of Real Vision Television (www.realvisiontv.com) and portfolio and strategy advisor to Vulpes Investment Management in Singapore.

Grant has almost 30 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses.

Billions in fines – No one blinks an eye

Written November 15th, 2014 by
Categories: All publications, KWN weekly

KWN weekly – Nov 14, 2014

Greyerz: “Eric, I’m looking at the latest round of rigging of markets by banks around the world. This has now led to fines of over $4 billion for rigging the Forex markets. You have banks like Citi and JP Morgan paying $1 billion each. UBS is paying $800 million and HSBC a bit less. But that’s just the latest Forex rigging and it’s probably only scratching the surface. We have also seen another $6 billion of fines for LIBOR rigging. So far in 2014 we have seen $56 billion of fines by U.S. regulators against the banks. It seems incredible that these enormous sums can be paid by the banks without the banks going under… Read the rest of this entry »

Not QE but QF – Quantitative Failure – Greyerz

Written November 7th, 2014 by
Categories: All publications, KWN weekly

KWN weekly – Nov 6, 2014

Greyerz: “Eric, I’m watching Japan because I think it’s the best example of the coming hyperinflation we will see in many countries. Japan has been in recession since the 1990s, with falling real incomes, a declining population, rising deficits and rising debts. Their debt is now a massive 1.1 quadrillion yen, which is about $10 trillion. This represents a staggering 200 percent of Japanese GDP. Attempts to stimulate the economy have failed, so the Japanese have just come out with additional QE at the rate of an astonishing 8 trillion yen per year, which is roughly $800 billion. Remember that the Japanese economy is only about $5 trillion per year. So this would be equivalent to the U.S. launching a new QE program totaling about $2.5 trillion per year. Read the rest of this entry »

Friends of Sound Money – Peter Schiff

Written November 7th, 2014 by
Categories: All publications, Video & Podcast

Peter Schiff’s Message to Switzerland:
‘Save Your Currency and Your Country’

Peter Schiff and his team created the below video on Nov 6 which some of you may already have seen. We believe that Peter’s powerful 14 minute message to the Swiss people is a ‘must listen’. It does not only apply to Switzerland but to an entire system of nations that is printing money at will  and gambling away tax payers’ money. My country now has a unique and one time opportunity to get its house in order and stay independent from a failing Eurozone and a weak Euro.

We thank Peter Schiff for his continued support and outspoken view.

Please listen to what he has to say.

Egon von Greyerz

Peter Schiff’s primary online communication platform: http://www.europac.net

Argumentarium on the Swiss Referendum November 30

USA Watchdog homes in on the Swiss ‘GoldInitiative’

Greg Hunter interviews Egon von Greyerz about the Gold Initiative

October 30 – 2014 (30 minutes)

Egon von Greyerz: “Let’s first say that the government is against it. So, they are in the “No” camp and so is the Swiss National Bank. They are not supposed to campaign officially in these kinds of referendums, but they still are making clear statements that it is dangerous for the Swiss National Bank to lose its powers to . . . manipulate the market. So, the “No” camp are afraid they will lose the power to print money, and manipulation of markets is going to be taken away from the Swiss National Bank. It’s too early to call it, but I would say we stand a very good chance. I am firmly in the “Yes” camp, and I am a great believer in this fight for sound money. Read the rest of this entry »

US Plunge Protection Team activity

Written October 27th, 2014 by
Categories: All publications, KWN weekly

KWN weekly – October 25, 2014

Greyerz: “Eric, people in the West are enslaved to a system where the state takes care of everything. The state takes care of many people from cradle to grave. Switzerland is one of the only countries where there is a degree of individual freedom. For the Swiss it has always been important to have the people make decisions and not to let the government dictate… Read the rest of this entry »

GoldInitiative: Egon von Greyerz on Swiss Referendum

Written October 27th, 2014 by
Categories: All publications, Media appearances, Video & Podcast

Dan Popescu interviews Egon von Greyerz – Oct 24 2014

“A Swiss Gold Referendum YES Vote Will Be a Trendsetter for Central Banks”

Interview section about the GoldInitiative starts at 2 min 35 sec into the video.

Breaking: European Central Banks repatriate gold from USA

Written October 23rd, 2014 by
Categories: All publications

What is this secret repatriation of Gold about?

We have heard from one very reliable source that repatriation of gold is secretly taking place at this moment from the USA to Europe. This is October 2014!

The information contains details about transported quantities by one of the global security firms being much higher than usual, as well as country of destination.

This leads us to believe that some central banks in Europe may be feeling tension and their boards see that the ‘whatever it takes’ QE, LTRO or OMT policy, or whatever they call this monetary financing, can and probably will have serious repercussions.

The Swiss National Bank (SNB) started selling gold in 2000 near the lows of the market. At that same time, many years ago, the movement to stop this selling started in Switzerland which, on November 30, will lead to a definitive choice by Swiss voters whether to a) Stop selling gold, b) repatriate all foreign held gold, and c) maintain 20% gold backing of SNB assets, or alternatively risk being dictated to by the European Union and the ECB. Click here for more information
Of course the German request for repatriation from the USA was a total failure. Germany requested to get 680 tons of gold back from the FED, but received only 5 and were told that they will get the rest back in 2020. There can be only one reason for this delay, their gold is not there anymore.
Since this fiasco and with the change of the Merkel coalition this summer the new party line is: “The Americans are taking good care of our gold,” “Objectively, there’s absolutely no reason for mistrust.” And, “There’s no evidence that German gold at the New York Fed has been tampered with”. Well, “of course not, because there hasn’t been an audit for 60 years of who owns what or how many bars are still in US vaults!”

Repatriation of larger than regular quantities of Precious Metals, especially gold, requires a long enough chain of secure physical transport logistics, whereby a number of people must be aware of start and finish locations. Confidentiality appears to have been unwillingly violated in this reported case and shows again that people make mistakes. As we have absolutely no reason to doubt this source, asking questions to relevant parties shall only be countered with strong denial.
The mere fact that this repatriation of gold appears to be happening in secret confirms what wealth preservation investors have always known, namely that Gold should be held under direct control of the owner. That is the only proof that the gold actually exists.

Swiss Poll in favour of Gold Initiative.

Written October 22nd, 2014 by
Categories: All publications, KWN weekly

KWN weekly – October 21, 2014

Greyerz: “Swiss Gold Initiative Poll: YES 45% – NO 39% – Undecided 16%

A report  published in a Swiss newspaper yesterday showed that the YES votes in favour of the Gold Initiative are ahead in the polls and this is particularly pleasing since I have personally been involved in supporting the call for Sound Money in Switzerland. Read the rest of this entry »

I believe we’ve seen Peak Gold* – Keith Barron

THE MATTERHORN INTERVIEW – October 2014: Keith Barron PhD

“ I believe we’ve seen Peak Gold* ”

Podcast interview:
On behalf of Matterhorn Asset Management, financial journalist Lars Schall talked with exploration geologist and mining entrepreneur Dr. Keith Barron.

Keith is a scientist and he explains in no uncertain terms what is going on in the mining industry, the false accounting relative to the cost of exploration, what happened when gold went up to 1,900, why gold versus USD simply must go to at least 5,000, why ‘gold above ground’, if anything, is overstated and why the Swiss GoldInitiative is indeed very important and not just for the Swiss People, as well as Keith Barron’s view on Silver.

This is clearly one of the best interviews on the subject of gold mining and a must listen for all Gold investors or anyone interested in gold, silver and mining

Read the rest of this entry »