Market Commentary

print version
print version

Egon von Greyerz – interview King World News

December 16th, 2011 by Egon von Greyerz

Eric King of King World News interviewed me yesterday about QE, Hyperinflation and Gold.
Click here for the KWN interview page with Egon von Greyerz – then click the ‘Listen to MP3′ link

In summary, this is what I said (with some additions):

  • The current correction in gold is technical. There is very little physical selling and refiners have their order books full well into the second half of 2012.
  • Technically this correction could last to the end of the year but it could end already at the end of next week. Support is at $1,530-50 and $1,410-20. Thus we could go that far down but this would be a golden opportunity to add to positions.
  • The market is smelling deflation. With no QE we would have a deflationary collapse. No bank would survive a deflationary collapse. Nor would any government. There would be total chaos and no functioning financial system.
  • Governments are petrified of deflation. They know the consequences which are unacceptable to them.
  • Therefore, whatever governments say,  there will be unlimited money printing led by the Fed, IMF and ECB  plus other central banks.
  • QE will not solve the problem, only kick the can down the road. There is no solution as I wrote in my latest piece “Deus ex Machina”.
  • Worldwide QE will lead to currencies collapsing, a hyperinflationary depression and surging precious metals.Physical gold and silver (stored outside the banking system) is the ultimate method for preserving wealth.
16th December

Gold Switzerland - Matterhorn Asset Management

print version
print version


Subscribe

Please click here
to subscribe to our mailings or to unsubscribe.

Categories
Latest Articles
  • Greek default is the best solution-GoldSwitzerland

    18 Feb 2012

    The King World News interview with Egon has produced three headlines: GATA: “Debt derivatives and gold will explode shortly, von Greyerz tells King World News” KWN: “Greyerz – Gold to Begin a Major Advance Starting Next Week” Goldswitzerland:”Greek default is the best [...]

  • John Embry-The Matterhorn Interview-02/2012

    16 Feb 2012

    “Gold is about the furthest thing from a bubble that I can think of.“   We are very fortunate to feature my very good friend John Embry in this month’s Matterhorn Interview. John who knows more about the gold market than probably [...]

  • KWN “Gold and Silver to more than triple” 02/12

    7 Feb 2012

    In a short interview with Eric King of KWN yesterday, Egon von Greyerz talks about the fragility of the financial system and the importance of holding precious metals outside the banking system. He also gives potential targets for gold and silver in [...]

  • New EW Silver Discovery – Alf Field Febr 2012

    1 Feb 2012

    Alf Field predicts $ 158 as the next target for silver Alf Field, my good friend and Elliott Wave Expert par excellence, has produced a superb analysis on silver forecasting that the next objective for silver is $ 158 which corresponds with [...]

  • Gold Market Positioned for Massive Upside Move

    31 Jan 2012

    With Central Bank balance sheets exploding and no solution to the EU problems or the US deficits, unlimited money printing will accelerate. Egon von Greyerz covers these topics in two recent interviews with King World News and Metallwoche in Germany. King World [...]

@GoldSwitzerland
Media
Archives