Egon von Greyerz, founder of Goldswitzerland.com (Matterhorn Asset Management) and member of the board of directors of Goldbroker.com, on CNBC in June 2010.
The real increase in the price of gold is yet to come according to Egon von Greyerz. It states that the price of gold adjusted for inflation since 1980 is expected to be around $7000 per ounce, and it could go even higher if we face a period of hyperinflation in the future. He also explains that gold is not in a bubble, not overbought, because most asset managers, pension funds, investors and individuals don't own gold.
The price of gold was $1,216 at the time of interview : See the price of gold in real time
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Egon Von Greyerz Goldbroker.com Board Member - Founder of MAM
Founder and Managing Partner of Matterhorn Asset Management AG (MAM) and GoldSwitzerland, Egon Von Greyerz joined the board of Goldbroker.com in 2012. Egon von Greyerz started his working life in Geneva as a banker and thereafter spent 17 years as Finance Director and Executive Vice-Chairman of Dixons Group Plc. Since the 1990s EvG has been actively involved with financial investment activities including Mergers and Acquisitions and Asset allocation consultancy for private family funds. This led to the creation of MAM in 1998, an asset management company based on wealth preservation principles. EvG makes regular media appearances (CNBC, BBC...) and speaks at investment conferences around the world. EvG forecasted the current present problems in the world economy well over 10 years ago. In 2002 when gold was $300 per ounce, MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system.