Changing Dollar, Competing Currency Blocks and Golden Common Sense

In this latest conversation with Elijah Johnson of Liberty & Finance, Matterhorn Asset Management Partner, Matthew Piepenburg, addresses the most recent trends in the global market and gold space—from debt ceiling drama to an ever-changing and debt-soaked macro landscape.

Piepenburg begins with the inevitability of a debt-ceiling “solution” characterized by ever-more debt, as the US and global markets, so chained to the UST, cannot realistically allow for a public default on US IOUs. Piepenburg then addresses the complex ironies of the Fed’s “war on inflation,” whose very policies are in many ways: Inflationary.

Toward this end, Piepenburg discusses the crippling effects of rising rates on the US middleclass and small businesses, and makes an equal case for new-home price inflation alongside the pains of failing bond, stock, and banking sectors.

Turning from the US to global geopolitics, Piepenburg soberly addresses the previously-warned yet now undeniable trend away from the USD as a settlement currency, which, he reminds, is not the same thing as the end of the USD as a reserve currency. Nevertheless, the trends and evidence are clear that competing currency and trade blocks (East & West) are growing at a size and pace which are now irreversibly altering the hitherto hegemony, trust and strength of the USD as BRICS and other EM GDP percentages outpace those of the G-7 nations.

Ultimately, all of these accelerating changes lead to changes in global currency markets and hence serve as long-term tailwinds for physical gold, a topic Piepenburg addresses with common-sense simplicity and historical context.

Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 80 countries.

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