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King World News Interview – Egon von Greyerz – 29 Dec

By Egon von Greyerz

Founder and Chairman

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.

About Egon von Greyerz
Born with dual Swiss/Swedish citizenship, Egon's education was mainly in Sweden. Egon von Greyerz began his professional life in Geneva as a banker and thereafter spent 17 years as the Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the U... More...

Egon von Greyerz
Founder and Chairman

VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45

VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
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