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EvG – MetallWoche Interview – May 11
16 May 2012
“In an audio interview with Michael Harwath of the German site Metallwoche (Metal week) on May 11, Egon von Greyerz discusses how one domino after the other is falling and that there will be contagion spreading throughout the European financial system. Egon [...]
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GOLD – WHAT CORRECTION?
11 May 2012
The precious metals markets have now been going sideways for around 7 months. No investors like corrections but in all bull markets there will always be periods when the price corrects. Some of these moves are bigger like in 2008 when gold [...]
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Swiss refiners are working flat out to meet demand
4 May 2012
Egon von Greyerz told King World News that Swiss refiners are “working round the clock because demand for gold is so massive.” Von Greyerz also said the financial world is headed into trouble that will be much worse than 2008. Here is [...]
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EvG says Sovereigns are buying and sees massive energy building in Gold and Silver markets
29 Apr 2012
In the recorded interview that Egon von Greyerz did with Eric King last Saturday April 28 Egon explains how energy is building rapidly in favor of precious metals with sovereigns now being the largest buyers of Gold. Click here to go the [...]
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Bank Failures, Disorder, Massive Panic & Gold
20 Apr 2012
Bank Failures, Disorder, Massive Panic & Gold “Yesterday in an interview with King World News Egon von Greyerz talks about how near many banks are to bankruptcy and how the dominoes in the financial system could soon start falling creating a major [...]
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Gold gains against all major currencies in Q1 2009
April 9th, 2009 by Egon von GreyerzGold outperformed most assets in the first quarter of 2009.
On the Matterhorn Asset Management website the Gold charts pages show that gold gained between 4% and 7% against major currencies in Q1 2009. In spite of being well off the highs for the quarter gold still showed an excellent return.
But even more importantly the Dow Jones declined 17% against gold in the first quarter with similar falls for most major stock markets against gold.
In the last four years, since the beginning of 2005, gold has gained over 75% against the dollar, 100% against the Euro and 170% against the pound whilst the Dow has lost 62% against Gold in the same period.
Not only has gold performed extremely well over the last four years (and even better since 1999) but it has also served as the best form of wealth protection - if held in physical form, as it must be!
We have in the last few years advised investors to buy gold on pullbacks and not on breakouts. The recent pullback of $120 to $880 which could extend down to $850 is another excellent opportunity to buy gold for long term investors.
In our view, we haven’t seen the real move in gold yet which will come as a result of unlimited money printing by most governments due to exponential growth in losses on toxic debts and derivatives.
To hold physical gold is your only protection.
For 10 year charts of Gold against the US dollar, Euro, Pound, Swiss Franc and the Dow Jones click on Gold charts
9th AprilGold Switzerland - Matterhorn Asset Management
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