King World News Interview – Egon von Greyerz – 29 Dec

When I spoke to Eric King almost two weeks ago with gold at $1,600, I said that we could go down to $1530-50 or even $1,410-20 and probably before year end.

Yesterday Eric interviewed me again. Gold has been down as low as $1,522 and Eric told me that a lot of investors are very nervous.

Let me be very clear. There is absolutely no change in the outlook:

  • Gold is going down in a very thin paper market. We see no  sellers of physical gold.
  • This is the typical market that the manipulators take advantage of to push the price down.
  • None of the fundamentals have changed so don’t be fooled by a holiday lull.
  • Gold will reflect the massive QE required in 2012 for the financial system to survive.
  • Gold is up in all currencies in 2011. That makes it 12 years of straight gains.
  • We will see much a much higher gold price in 2012.

Click here for a written summary of the interview.
The full audio will be out on 31 Dec.

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 80 countries.

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