-
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 [...]
-
Die Metallwoche Interview with Egon von Greyerz
31 Jan 2012
Metallwoche international – presents Egon von Greyerz „Money printing everywhere“ With another EU- Summit just in front of us and Gold and Silber strengthening again, we speak to Egon von Greyerz not only about the market, but also about the worldwide debt [...]
-
KWN interview with EvG Jan 23, 2012
26 Jan 2012
Eric King of King World News again had a brief telephone interview with Egon von Greyerz posted on the KWN blog on January 23. Von Greyerz – Gold Breaking Out, Will Hit New All-Time Highs The full interview before the not unexpected [...]
-
GOLD CORRECTION IS OVER by Alf Field
12 Jan 2012
I am very pleased to share with our clients and readers my good friend Alf Field’s latest article on gold. Alf, who is based in Sydney, is one of the world’s most prominent forecasters on gold. He now believes that gold has [...]
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- August 2011
- July 2011
- May 2011
- April 2011
- March 2011
- December 2010
- November 2010
- September 2010
- August 2010
- June 2010
- May 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- May 2009
- April 2009
- March 2009
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
print version