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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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LAST CHANCE TO BUY GOLD UNDER $ 1,000
May 28th, 2009 by Egon von Greyerz“Don’t tell me what to buy, but tell me when to buy”!
Back in 2002 we told investors to buy physical gold for up to 50% of their liquid assets. Since then gold is up between 220% and 280% depending on base currency.
Thus it was very clear to us back then what the effect of the disastrous mismanagement of the world economy would be. But it is even clearer what will happen next. We are now going into the phase of recognition. This is the phase when the world at large is slowly waking up to the fact that printing unlimited amounts of money will make many currencies – and in particular the US dollar – worthless. We have repeatedly stated that you cannot solve a problem by making it bigger – i.e. to print colossal amounts of dollars, pounds etc. will only add fuel to the fire and exacerbate the already insoluble credit/derivative bubble.
So we already told investors what to buy years ago. Now as we are approaching the point of recognition when investors are starting to wake up to the fact that they need to protect themselves. Gold is the only currency and asset which will give protection against collapsing currencies and assets. Within the next two months the investment world will wake up to this fact and gold is going to exceed $ 1,000 and never look back.
Right now is likely to be the last chance to buy gold under $ 1,000. We expect gold to go up quickly in the next few months and never look back. So today is probably the last chance to buy gold under $ 1,000 for many years and maybe for ever. But remember that for wealth preservation purposes it must be physical gold in your own possession and stored safely outside the banking system.
There will be more in Matterhorn Asset Management’s June Newsletter to be published next week.
28th MayGold Switzerland - Matterhorn Asset Management
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