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 panic. Von Greyerz also said we are edging closer to panic and he expects this will accelerate the flow of funds into gold. Here is what Egon von Greyerz had to say about the situation: Eric, I don’t know if you read the book by John Galbraith, ‘The Great Crash 1929?’ He wrote about how every day there was a bad piece of news, and in the end, everybody gets immune to it. I think that’s exactly what we are seeing now.”
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