Greyerz’ Newsletters

Swiss to vote on gold repatriation in November

22 August 2014 – Egon von Greyerz

Swiss Gold Referendum on November 30

One of the very few remaining proper democracies in the world will vote on bringing the Swiss Gold back to Switzerland on November 30.

This is an initiative that could only happen in Switzerland. An influential member of parliament, Luzi Stamm, representing the biggest Swiss party SVP (Swiss People’s Party) started this initiative with two other parliamentarians.

In order to have a national referendum on an issue in Switzerland, 100,000 supporting signatures are required. The ‘Swiss Gold Initiative’ already achieved this requirement in early 2013.
Not only will the referendum deal with gold repatriation but also seeks to stop all gold sales by the SNB (Swiss National Bank) and to require the SNB to hold 20% of its assets in gold. Read the rest of this entry »

Gold Manipulators are Desperate

Written July 17th, 2014 by
Categories: Articles-3rdParty, Greyerz' Newsletters, Latest Articles

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.

Trade of the decade

Written April 10th, 2014 by
Categories: Greyerz' Newsletters, Latest Articles

Trade of the decade

DOW-Q-1975-2014 The US stockmarket continues its rise to dizzy heights. The rise has very little to do with economic fundamentals but is more a function of money printing and the weak dollar.

The US in now slowly entering its hyperinflationary phase. Food prices are already up 19% in the first three months of 2014. On an annualised basis that is 76% which is a clear sign that hyperinflation is already starting.

The dollar is likely to start a severe decline this year on its way to the intrinsic value of ZERO. As it falls the vicious spiral of a falling currency and massive money printing is likely to destroy the US economy in a hyperinflationary depression. This will not only happen in the US but also in Japan, the Eurozone and the UK. But the US will be the first country to experience the destruction of its currency.

Read the rest of this entry »

The lost Century

Written January 30th, 2014 by
Categories: Greyerz' Newsletters, Latest Articles

The lost Century

by Egon von Greyerz January, 2014

“In November 1910, some powerful US bankers joined by the influential Paul Warburg had a meeting on Jekyll Island that would determine the destiny of the world financial system and the world economy for over 100 years. This infamous meeting led to the creation of the Federal Reserve System in the US on December 23, 1913.

Read the rest of this entry »

Jim Sinclair: Gold via 3500 to 50000

Written October 31st, 2013 by
Categories: Greyerz' Newsletters, Latest Articles, Media appearances

Jim Sinclair – Gold at $3,500 and $50,000

Very few people understand what is happening in the world economy better than Jim Sinclair.
But there is absolutely no one who understands gold better than Jim.

A must view/listen video from Greg Hunter of USAWatchDog.

Egon von Greyerz Read the rest of this entry »

Hyperinflation and Gold’s parabolic rise

Written October 27th, 2013 by
Categories: Greyerz' Newsletters, KWN weekly, Latest Articles
Hyperinflation and Gold’s parabolic rise

There is a ridiculous amount of time spent on what the Fed will do or won’t do or analysing the latest economic figures. Very few people use their own brain to figure out the obvious. And the obvious is that debt which has been growing exponentially in the last 40 years, started its parabolic phase in 2006 when Bernanke became chairman of the Fed. So we don’t have to ask what central banks will do. Because it is guaranteed that they will soon start unlimited money printing to complete the debt parabola.

That means we are now starting the hyperinflationary phase in the USA and many other countries. And this will all start in 2014. What will be the trigger? The answer is simple – the fall of the US dollar.

Read the rest of this entry »

There will be no Tapering

Written September 18th, 2013 by
Categories: Greyerz' Newsletters, KWN weekly, Latest Articles

How can the Fed taper when the real US economy is in a terrible state. Add to that the massive problems in the Eurozone. And Japan, the world’s third largest economy, is a guaranteed basket case.

In the US, the job participation rate is the lowest since the 1970s, real unemployment (calculated on a consistent basis) is 23%, workers’ Read the rest of this entry »