Commentary (English)

Bullion Refiners are limit up

Written April 22nd, 2013 by
Categories: Commentary (English), KWN weekly
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Substantial demand push Bullion Refiners to their limits
KWN interview April 19, 2013

Greyerz: “I will tell you some very important reasons why investors should not worry about the recent turbulence in the gold market. First of all it was a smash in paper gold. If you look at our company, as just one example, we did not have one single seller in the last few weeks.

So during this takedown in gold and silver there wasn’t one single seller, only buyers….

Click here for Full interview

Take your money out of the Eurozone

Written April 17th, 2013 by
Categories: Commentary (English), Egon von Greyerz' Newsletters
Tags: , , ,

“Nigel Farage – This EU is Power without Limits”
Take your money out of the Eurozone before they come for you
17 April 2013

Today the UKIP leader and MEP Nigel Farage told the European Parliament that the Troika (European Commission, ECB and IMF) are common criminals stealing money from people’s bank accounts. He warns depositors to get their money out of the Eurozone. He calls the EU the New Communism having Power without Limits.

This is a powerful speech by Farage. Getting the money out of the Eurozone is of course not enough. Investors must get their money out of the banking system worldwide. See my recent piece “Get Your Assets out of the Banks – NOW”

The situation in the banking system is critical not only in the EU but also in the USA, Japan and China. The headline in the Financial Times today is “Warning on “out of control” China debt”.

In a bankrupt financial system it is critical to preserve wealth by holding gold outside the system.

Egon von Greyerz
Founder & Managing Partner
Matterhorn Asset Management / GoldSwitzerland

Tragedy, Panic & The Greatest Short Squeeze In History

Written April 15th, 2013 by
Categories: Commentary (English), Egon von Greyerz' Newsletters, KWN weekly

Tragedy, Panic & The Greatest Short Squeeze
KWN interview April 14, 2013

Dear Investor,

We have seen massive manipulation in the paper gold market in the last few days and weeks. Please read my latest KWN interview which explains that this is nothing to be concerned about since the problems in the world economy are getting worse by the day. So far, into this morning, we have seen a correction in gold of 27% since the $1,920 top in September 2011. Remember that in 2008 gold corrected 34% from $1,032 to $681. From the $681 low, gold then went up almost 3 times in just 34 months.

This correction could last a bit longer, but once gold turns, we should see a very strong rebound which will reflect the deteriorating economic situation worldwide, as outlined in my KWN interview. Since the paper market will have to cover their shorts at that time, we are likely to see a very fast move in the second half of 2013.

The next target is still $3,500-5,000 and much higher over the next few years.

Remember gold (and silver) is held for wealth preservation purposes. It is therefore critical that investors hold on to their physical gold and silver and if possible add at these very low levels.

Egon von Greyerz
Founder and Managing Partner

Matterhorn Asset Management / GoldSwitzerland

Desperate countries to accelerate private wealth destruction

Written April 5th, 2013 by
Categories: Commentary (English), KWN weekly

Desperate countries to accelerate private wealth destruction
KWN interview April 4, 2013

Today Egon von Greyerz told King World News that desperate countries will accelerate the amount of wealth destruction they inflict on their citizens going forward.

capitolhillGreyerz: “Eric, gold is down and investors are nervous. We have to ask ourselves, have any of the fundamentals changed? The answer is no, they haven’t. Government deficits are still increasing at an alarming rate, and world debt is at $220 trillion. In fact, world debt has tripled in the last 10 years.

The US is the biggest debtor and the debt is still increasing by $4 billion each day, or $1.5 trillion each year. Since Bernanke has become Chairman of the Fed, the federal debt has gone up by a staggering $10 trillion. That’s $10 trillion in just 7 years.

From 1980 to 2006, when Bernanke became Chairman of the Fed, the US debt went from $1 trillion to $7 trillion. But think about the fact that he has overseen the debt increase of $10 trillion in just 7 years….

CLICK HERE to read the entire interview on the King World News blog.

- 50 million Americans in poverty (Wall Street Journal)
- Rising youth unemployment (World Economic Forum)

Get your Assets out of the Banks Now II

Written April 2nd, 2013 by
Categories: Commentary (English), KWN weekly
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Get your Assets out of the Banks Now II
KWN Audio interview Match 31, 2013

  1. These odds are better than putting your money on Black
  2. Cyprus was NO bailout
  3. Capital controls to stay
  4. Next failure, be it Slovenia or Italy, must involve massive money printing again.
  5. Focus on Europe will turn to USA again
  6. ABNAMRO decision to no longer allow redemption of physical metals is a major indicator (read the conditions)
  7. The political response is artificial.

CLICK HERE to listen to the full interview on King World News.

What We Are Now Seeing Is Unprecedented In World History

Written March 29th, 2013 by
Categories: Commentary (English), KWN weekly
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What We Are Now Seeing Is Unprecedented In World History
KWN Easter interview, March 28, 2013

Eric King: “Clearly the banks have reopened in Cyprus, your thoughts in the aftermath of all of this?”

pamp100grgoldalpha_smEgon von Greyerz: “Eric, they have opened, but the problem is still there. Banks still don’t have enough money. The package which has been put forward by the Troika is not going to last. If they ever, which they might not, lift the exchange controls and restrictions on Cyprus banks, then we will see a run on the banks again.
Therefore, I think this problem will be a permanent one, and it will also be a model for future problems. As this accelerates and moves into Slovenia and Italy, the aid and the package which will be necessary for these nations is so much bigger.

The fear will also be that much greater as larger nations are engulfed in these problems. Then the world will really start to become concerned and eventually panic. This is when you will see people buying physical gold and silver in much larger quantities. This is also a time when you will see massive panic short covering in the paper gold and silver markets.

I think we could see this type of panic in 2013.

Read the full story on King World News….

 

The present financial system can fold any time – that is todays reality

Written March 22nd, 2013 by
Categories: Commentary (English), KWN weekly
Tags:

The present financial system can fold any time – that is todays reality
KWN interview March 22, 2013

Egon von Greyerz: “Eric, Cyprus is a momentous event.  Losses could be in the tens of billions of dollars.  But like all major crises there is always a catalyst, and whether it was a shot in Sarajevo (assassination of Archduke Ferdinand which started World War I), or the fall of the Credit-Anstalt in Austria in 1931, there is always an event in history which people look back on as the start of tremendous global turmoil.  Cyprus could very well be that event.

There will be some kind of solution eventually to the Cyprus problem, but it will be seen as unsatisfactory in the fullness of time.  It is unlikely to come from Russia because I don’t think Europe would like to see Cyprus become an entirely Russian state, which would of course be the case if Russians were to give their support in a major way.

“But whether the bailout comes from the ECB or the IMF, of course they have no money.

“The IMF is financed by the US and Japan, and they have no money either.  So wherever the money is going to come from, it isn’t there.  It has to be printed, and we know this will impact world currencies and gold.

Continue to read the rest on KingWordNews….

 

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EvG Speaking Engagements

Egon von Greyerz will be a keynote speaker at the following upcoming event:

Hong Kong June 20-21 2013
Standard Chartered Earth’s Resources Conference

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