KWN weekly

Why a 100:1 paper to physical ratio simply won’t last

KWN weekly – August 29/30, 2014

Podcast – Egon von Greyerz: “I’m looking at the deflationary pressures that we are seeing in many areas like Europe and Japan. Continued deflation will lead to an implosion of asset prices and bank debt. Under that scenario no debts will be repaid and the financial system will fail. With $280 trillion of world debt and $1.5 quadrillion of derivatives, this will lead to a collapse that will take the world back at least 50 years and maybe even further. Governments and central banks are totally aware of the deflationary risks. That’s why they have printed and created tens of trillions of dollars, and lowered interest rates to zero.
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Gold Unloved and Undervalued

Written August 22nd, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – August 22, 2014

Gold Unloved and Undervalued

Gold has now corrected for 3 years since the 2011 peak. At that time gold was temporarily overloved and overvalued.

Since 2011 government debt worldwide has increased by trillions of dollars and global debt by tens of trillions. And the $ 1.2 quadrillion derivatives exposure is continuously getting bigger.

The price of gold, in the long run, is a reflection of the destruction of paper money. The more money that is printed and the more debt that is created, the higher the gold price goes. Since the creation of the Fed in 1913, the dollar has fallen 98% against gold which means that gold has gone up almost 6,000 percent in 100 years.

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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 »

Increased inequality will push more social unrest

Written August 15th, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – August 14, 2014

Increased inequality, sadly and understandably, will lead to more social unrest, war and famine

Greyerz: “Eric, we have a world where the wealth of the 85 richest people is the same as the 3.5 billion poorest. 1.5 billion people must live on $1.25 a day. So the gap between the rich and the poor is at unacceptable levels. Also, the world’s population has exploded in the last 100 years, almost 5-times, from 1.5 billion people to 7 billion people. In the coming economic downturn, which is an economic certainty, we will not only see many of the poor with empty stomachs, but also revolting because of the severe inequalities, with severe social unrest following…. Read the rest of this entry »

The coming worldwide debacle

Written August 1st, 2014 by
Categories: KWN weekly, Latest Articles

King World News weekly – July 31, 2014

The coming worldwide debacle

Greyerz: “The world has never in history experienced the extent of potentially cataclysmic events that it is now facing. There is a high risk of a major war. With most major nations over-borrowed and bankrupt, it is in my view virtually guaranteed that we will have a worldwide deflationary implosion which will be devastating. But before that, desperate governments and central banks will flood the world with more worthless paper causing a hyperinflationary depression… Read the rest of this entry »

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 »