Gold Shortage is Massive Problem

Gold Shortage Creating Massive Problems For Bullion Bank
Egon von Greyerz on KWN, July 26,2013

Greyerz: “Eric, you know my view that gold and silver will go up because of unlimited money printing. That’s guaranteed to happen. But other factors that could put even more (upward) pressure on gold in the short-term are the enormous physical shortages.
“Governments and central banks have, for decades, leased or sold their gold to the bullion banks. So they are very likely to own very little of the 23,000 tons that Western central banks are said to hold.
But now bullion banks also have a problem…..

Click here to read the written story on KWN

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Egon von Greyerz
Founder and Managing Partner
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 70 countries.



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