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Six Major Events That Will Change History

Six Major Events That Will Change History

Six Major Events That Will Change History
By Egon von Greyerz

 

Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route. Instead most investors will continue to live in the hope that current trends will go on forever but sadly these people will end up “in shallows and in miseries”.

Risk is now staring us all right in our face but very few people can actually see it.

Let’s just be clear what some of the events that will change the face of the earth are:

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The Terrifying $2 Quadrillion Monster Is Now Totally Out Of Control

Moderated July 19th, 2016 by
Categories: All publications, King World News
The Terrifying $2 Quadrillion Monster Is Now Totally Out Of Control

The Terrifying $2 Quadrillion Monster Is Now Totally Out Of Control
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Some of Egon’s future speaking engagements:

Annual Global Access Asset Protection & Investment Conference. September 18 – 24, 2016. Vienna, Austria.

This conference is primarily for US tax residents

IPI Fall Forum for Private Investors. October 5- 6, 2016. New York, USA.

For Family Office Members of IPI

The 14th Asia Pacific Family Office Conference. November 14 – 16, 2016. Hong Kong.

For Family Offices

Mining & Investment Latin America. October 24 – 25, 2016. Lima, Peru.

Mines & Money. November 28 – December 1, 2016. London, UK.

DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History

Moderated July 12th, 2016 by
Categories: All publications, King World News
DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History

DANGER: The World Is Now On The Verge Of The Largest Destruction Of Wealth In History
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Some of Egon’s future speaking engagements:

Annual Global Access Asset Protection & Investment Conference. September 18 – 24, 2016. Vienna, Austria.

This conference is primarily for US tax residents

IPI Fall Forum for Private Investors. October 5- 6, 2016. New York, USA.

For Family Office Members of IPI

The 14th Asia Pacific Family Office Conference. November 14 – 16, 2016. Hong Kong.

For Family Offices

Mining & Investment Latin America. October 24 – 25, 2016. Lima, Peru.

Mines & Money. November 28 – December 1, 2016. London, UK.

Physical Gold and Silver vs Failing European Banks

Physical Gold and Silver vs Failing European Banks

Physical Gold and Silver vs Failing European Banks
By Egon von Greyerz

 

It is no surprise that both commercial and central banks hate gold. Because gold reveals the total mismanagement of the economy and the deceitful actions that the bankers take. Once the paper gold market collapses, which is not far away, we will see the full extent of these malpractices which could easily be classified as fraudulent.

Paper money will soon be worth ZERO

It is not just central banks that print money. Commercial banks print many times more by leveraging their balance sheets up to 50 times, like Deutsche bank. If you include derivatives this leverage is exponentially greater for all banks. This money printing has totally destroyed the value of paper money in the last 100 years. The following graph confirms what Voltaire said in 1729: Paper money eventually returns to its intrinsic value – Zero.

As the chart shows, all major currencies have lost 97-99% against gold since 1913 so they have only 1-3% to go to become totally worthless and that will happen in the next 5 years or so. But we must remember that the 1-3% additional fall is 100% from here. This will be devastating for the world and the main beneficiary will be gold and also silver.

We are now in the acceleration phase of this race to the bottom of all currencies. The world saw major asset bubbles in stocks and property in the late 1980s which led to the 1987 crash in stocks and the property crash of the early 1990s. The master of gobbledygook Greenspan then started his trickery in 1990 and lowered short term rates from 8% to 0% in 2008 (aided by helicopter Ben at the end), creating another bubble in stocks. At the same time the biggest and fastest credit expansion in world history started. Global credit increased from $20 trillion in 1990 to around $230 trillion today. But that is just the beginning because the world will soon embark upon the biggest monetary expansion in history which will lead to printing presses and computers turning glowing hot. In a final and futile attempt to save the world’s financial system, governments will embark on a QE programme in the 100s of trillion and probably quadrillions of dollars. The ensuing hyperinflation will end in a deflationary implosion of all the bubble assets including stocks, bonds and property.

The world’s reserve currency – a liability backed by debt

This extraordinary money printing that will destroy the world economy for a very long time to come has not been possible without leaving some corroborating evidence. In spite of manipulation and intervention in the gold market, gold has still been the best performing asset by a big margin in this century. Gold has outperformed all currencies since 2000. Just look at the chart below. The US$ is down 80% against gold in the last 16 years.

The pound is down 82% in gold terms since 2000 and just this year, gold has gained 43% against a collapsing pound. Some badly managed economies have done even worse. The Argentinian Peso is down 99% in 16 years, the South African Rand down 92% and the Ruble 91%.

Stocks – a poor investment in real terms

Since governments are doing what they can to hide the mismanagement of the economy, very few people realise the total devastation of the value of paper money. Also most banks don’t understand gold. Since they can’t churn commission on physical gold, they are not interested in offering it to clients. Instead they are flogging stocks and funds on which they earn high commissions. And no bank will ever tell their client that in real terms, stocks are doing very badly. Since the Dow is up 57% in nominal terms since 2000, very few investors realise that they have lost money in real terms. Measured in real terms like gold, stocks have had a terrible century with the Dow down a massive 68% since 2000 against gold. It is the same with all stock indices around the world. They are all down 60-85% already against gold and are on their way to an additional 70-95 % fall in the next 5-7 years. This is hard for most investors to fathom but it is the inevitable consequence of the most massive asset bubble in history.

As I expected, Brexit has become the catalyst that will trigger the fall of the world economy and the financial system. The EU elite is now desperate to stop the collapse of their monolithic bureaucracy based on the desire to rule Europe through their megalomaniac structures. They want to punish the UK and have declared that there will be no deal and no concessions. The problem they have is that the rest of the EU has much greater exports to the UK than the other way around. So whatever these unaccountable EU politicians say, there are a great number of people and companies in Europe dependent on exports to the UK and they are not going to let the elite stop them by creating unacceptable obstacles.

European banks unlikely to survive

But the biggest problem for the EU and the ECB is the European banking system which is on the road to perdition. In the period 2000 – 2016 the European banks have lost most of their value and it will be virtually impossible to avoid bankruptcy.

Let’s just look at the loss of stock market value for some of the major European and US banks during this century:

The above major 16 European and US banks have all lost between 75% and 99% of their value in the last 16 years. Anyone who has funds deposited with these banks should be really concerned because share price falls of these magnitudes can only have one outcome – BANKRUPTCY!

Unlimited QE next

The inevitable failure of these banks might be deferred for a brief period with the unlimited money printing that will hit the world. But to add more debt will just add to the world’s problems and will not the save the financial system. And since they are the biggest banks in these countries, no one should be under the illusion that other banks will survive. The whole financial system is totally interconnected and there is no bank which is exempt from what it likely to hit the financial system in the next few years.

For anyone who has invested in one of the above banks, just look at the graph below to see what difference real wealth preservation could have made:

A $10,000 investment in Citigroup would today be worth $3,000. On the other hand, $10,000 invested into physical gold would today be worth $48,000. If we go 4-7 years forward, the Citigroup investment will probably be worthless whilst gold is likely to be at least 10 times higher and probably much more with hyperinflation.

For investors who are not protected against the inevitable course of events as outlined above, there is still a final chance today but that window of opportunity will soon disappear. Physical gold and silver represents superb insurance in a world of unprecedented risk.

Egon von Greyerz

Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Some of Egon’s future speaking engagements:

Annual Global Access Asset Protection & Investment Conference. September 18 – 24, 2016. Vienna, Austria.

This conference is primarily for US tax residents

IPI Fall Forum for Private Investors. October 5- 6, 2016. New York, USA.

For Family Office Members of IPI

The 14th Asia Pacific Family Office Conference. November 14 – 16, 2016. Hong Kong.

For Family Offices

Mining & Investment Latin America. October 24 – 25, 2016. Lima, Peru.

Mines & Money. November 28 – December 1, 2016. London, UK.

Jim Rickards and Egon von Greyerz discuss $10,000 gold

Jim Rickards and Egon von Greyerz discuss $10,000  gold

Jim Rickards and Egon von Greyerz discuss $10,000 gold

 

I was very pleased to welcome Jim Rickards to Zurich very recently.

In this important 16 minutes video, recorded in a Swiss vault, Jim and I cover many vital factors that investors must be aware of to protect themselves against the major risks in the financial system.

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This Will Totally Devastate The World And The Window To Save Yourself Is Closing

This Will Totally Devastate The World And The Window To Save Yourself Is Closing

This Will Totally Devastate The World
And The Window To Save Yourself Is Closing
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

The EU Is Breaking Up Politically And Financially

Moderated July 1st, 2016 by
Categories: All publications, Egon's Publications
The EU Is Breaking Up Politically And Financially

The EU Is Breaking Up Politically And Financially
By Egon von Greyerz

 

When David Cameron decided to let the British people vote on Brexit, he did not realise that he would open a real can of worms. Before the referendum I declared that Brexit would not be the reason for a collapse of the world economy but that it could be the catalyst for such a collapse.

We have only seen a few days’ reaction with heavy intervention from central banks around the world but judging by the massive volatility we have seen so far, there is now a very high likelihood that a major secular decline in the world economy will now start to unravel. The next few weeks and months are likely to be a lot worse than the 2007-9 crisis.

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Get On The Goldwagon To $10,000

Get On The Goldwagon To $10,000

Get On The Goldwagon To $10,000
By Egon von Greyerz

 

Between 1999, when gold bottomed at $250, and the 2011 peak at $1,920 there was only one major correction lasting 8 months in 2008. The ensuing correction from the 2011 top at $1,920 of almost $900 seemed to take an eternity until it finally finished in December 2015. During those four years it was always clear to me that the uptrend in the precious metals was still intact although I must admit that I did not expect a correction of that duration. But after a long life in markets, patience becomes a virtue that is absolutely essential. If your investment decisions are based on sound principles at the outset, there is no reason to change your opinion because the market takes longer to accomplish what it must do.

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A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer

Moderated June 28th, 2016 by
Categories: All publications, King World News
A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer

A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer
By Egon von Greyerz

 

Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG
matterhorn.gold
goldswitzerland.com

Dr. Enzio von Pfeil – Old Boy Scouts Are Always Prepared

THE MATTERHORN INTERVIEW – June/July 2016: Enzio von Pfeil

Being an old Boy Scout I say “To be prepared is always a useful thing”

On behalf of Matterhorn Asset Management and pre-Brexit, Lars Schall spoke with asset manager and global economist Dr Enzio von Pfeil who is based in Hong Kong. They talk about the Far East Market, why the Renminbi is unlikely to become a reserve currency for at least a number of decades, gold of course, amongst several other current topics.

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