Gold reflects the destruction of paper money
“The Matterhorn Interview – 31 Dec 2013: Egon von Greyerz”
On the final day of the year we are publishing the interview that Lars Schall has just conducted with me in Zurich.
We cover a wide range of important areas which include the coming failure of the gold paper market, the importance of owning physical gold as insurance against a failure of the financial system and to protect against counterparty risk.
The risks are considerably higher now than they were in 2008. The likely consequences will not just be a repeat of that crisis but the end of a major era. So this time, the world cannot print itself out of trouble and instead we are likely to see “The Dark Years are here” an article which I wrote a few years ago and which Lars asks me about.
We also discuss the gold price and if I am worried about the current pressure that gold is under as well as the destruction of the currency system within 5 years from now.
The future for our children and grandchildren is likely to be a lot more difficult than ours. But the world has been through these periods before and survived. So as I say in the interview, people should prepare themselves to the best of their ability and then just continue to enjoy life.
Finally, I wish everyone a healthy 2014 – it will definitively be eventful.
Egon von Greyerz (more…)
Gold reflects the destruction of paper money
In this audio interview I discuss what some of these changes are such as the fall of the dollar, stock markets and bond markets. I also discuss the various factors that will lead to a major rise in gold in 2014.
Please click here to listen to the audio interview on KWN
Egon von Greyerz
Gold reflects the destruction of paper money
So Bernanke had to play to the audience and give a farewell present in the form of some nominal tapering. Well that certainly will be reversed in 2014.
In this KWN interview I also discuss the credit explosion in China and the major pressures in the Chinese banking system as well as the continuing crisis in Europe and poor US economic figures.
Finally I talk about gold being out of sync with the massive money printing in the US and that at $1,187 we are now seeing the gold bottom before the bull market resumes in 2014.
Click here to see the written interview
Egon von Greyerz
Gold reflects the destruction of paper money
KWN interview 13 December 2013 – Egon von Greyerz
“We are ending 2013 on what for most investors is a high note. Stock markets worldwide have had an excellent year. Investors feel generally bullish and conventional wisdom says that 2014 will be a good year. But sadly conventional wisdom is this time just conventional without any wisdom, because 2014 is likely to be a year of change when stock markets and the world economy continues the downturn that started in 2008. And this time it will be a lot worse. None of the real problems have been solved – like toxic debt in the banking system, government debt and deficits, or destruction of currencies through money printing.”
Gold reflects the destruction of paper money
KWN interview 6 December 2013 – Egon von Greyerz
“Since 2008, the main central banks of the world have printed $9 trillion. On top of that, the US federal debt has increased by almost $8 trillion during that same time period. If we had a temporary crisis in 2008, then money printing should have stopped. But is hasn’t.
And the printing is continuing at the same rate since 2010. Since 2010, the biggest central banks have printed $5 trillion, and US debt has increased by another $5 trillion. So, Eric, anyone who believes that printing can end, or that tapering can start, doesn’t know what’s happening in the world.
KWN Audio interview 1 December 2013
In the strong audio interview with Eric King on December 1, Egon drives hard on the China bubble and puts a few financial statistics into perspective as he explains why China’s massive credit explosion will not make a resolution of the paper currency meltdown any easier. To listen to this interview please Click Here
KWN interviews Nov 2, Nov 8 , Nov 15 and Nov 22
The KWN interviews of Nov 2 (Do Central Banks have any gold left?), Nov 8 (Next wave of self destruction), Nov 15 (Central Banks pushing on a string) and Nov 22 (major problems in the Eurozone) can be read by following the date’s backlinks to the KingWorldNews.com website.
Gold reflects the destruction of paper money
THE MATTERHORN INTERVIEW – 1 December, 2013: Prof Tom Fischer
“Gold as Part of Gresham’s Law for Interest Rates”
Financial journalist Lars Schall talked with German academic Tom Fischer, a financial mathematician, about the phenomenon why gold’s usual state of contango suggests central bank interference. Moreover, they took a look at the issue of the paper vs the physical gold market, and discussed other issues related to the precious metal markets, such as the gold-silver ratio.
Dr. Tom Fischer is Professor of Stochastic Financial Mathematics at the University of Wuerzburg, Germany. His research interests lie in the areas of asset and derivative pricing, systemic risk, risk capital allocation and FX risk management. Besides his academic interests, Mr. Fischer is the scientific head behind the FX Risk Management tool, which was developed by the risk management firm Approximity. He closely follows the precious metals markets, and besides appearances of his related work in the press, he has developed proprietary models for these markets. He is a member of the German Association for Actuarial and Financial Mathematics (DGVFM) and the German Risk Management Association (RMA e.V.).
Gold reflects the destruction of paper money
“The Matterhorn Interview – 25 Nov 2013: Dimitri Speck – Part 2”
In the second part of this exclusive video interview (18 mins) for Matterhorn Asset Management, independent financial journalist Lars Schall talked with book author Dimitri Speck about, inter alia: the prime virtues of gold as the antagonist of the fiat money/credit system; the notable central bank arrangement between the US Fed and the Deutsche Bundesbank in 1967 preparing the terrain for the dollar standard; the asset price inflation phases that followed ever after; the rising importance of gold in the central banking system; and last but not least Speck’s views on the rigging of the silver market in light of intraday statistics.
Egon von Greyerz
To view Part One (16 minutes) please click (more…)
Gold reflects the destruction of paper money
“The Matterhorn Interview – 25 Nov 2013: Dimitri Speck – Part 1”
On behalf of Matterhorn Asset Management Zurich, Lars Schall met up with Munich based quantitative market research analyst and author Dimitri Speck. Dimitri also serves as a consultant to the US-based Gold Antri-Trust Action Committee (GATA).
In Part 1 (16 minutes) of this excellent interview Dimitri explains in detail what the effect of agreements between the FED, other central banks and bullion banks has been during the past 20 years. And why the original motivation to suppress the gold price was to lower the inflation expectations of the people and therewith directly also support bond prices as well as maintaining a relatively strong US currency in the process.
Egon von Greyerz
In Part Two (18 minutes) (more…)
Gold reflects the destruction of paper money
Jim Sinclair – Gold at $3,500 and $50,000
Very few people understand what is happening in the world economy better than Jim Sinclair.
But there is absolutely no one who understands gold better than Jim.
A must view/listen video from Greg Hunter of USAWatchDog.
Egon von Greyerz (more…)
Gold reflects the destruction of paper money
“The Matterhorn Interview – 29 Oct. 2013: John Butler – Part 2”
In the second part of this video interview from Lars Schall, John Butler digs deeper into, inter alia: why precious metals are the only natural form of trusted money, the risks of gold derivatives, the prospect of trading nations refusing paper money in exchange for their exports and why the euro was perhaps in principal a fine idea, but won’t survive in its current form.
Enjoy the final part of this interview.
Egon von Greyerz
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