Why Gold is not in a Bubble, Bye bye Basel III, Swiss Gold Refiners Overwhelmed

Published by Goldbroker ™ | Jan 11, 2013 | Press Review

Why Gold is not in a Bubble : Interview of Egon von Greyerz by Fabrice Drouin Ristori
Published Jan 10, 2013 on Goldbroker

Fabrice Drouin Ristori, founder and CEO of Goldbroker.com interview Egon von Greyerz, founder of Matterhorn Asset Management (Goldswitzerland.com) and board member of Goldbroker.com.

In this interview recorded in Zurich, Egon von Greyerz explains why it's important to own gold outside the banking system and why gold is not in a bubble.

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Philippe Herlin : Bye, bye, Basel III !
Published Jan 10, 2013 on Goldbroker

Incredibly, banks’ wishes have come true in the very first week of 2013 ! Should we rejoice ? Well, not really, because one of the main dispositions of Basel III, where prudential norms of the world banking sector are being discussed, has been emptied of its substance.

The crisis of 2008 has shown that solvent banks that are short of cash could go bankrupt. A financial crash can be lethal for a relatively healthy financial institution that is short of cash : Money doesn’t move around, depositors empty their accounts and the bank doesn’t have what it needs to simply keep operating. The idea was to force the banks to have enough to « last » 30 days without any access to the market, and have access to easily movable funds, even in an extreme situation.

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Philippe Herlin : Our Whole Economy Is a Ponzi Scheme !
Published Jan 3, 2013 on Goldbroker

The Boston Consulting Group (BCG), one of the world’s most prestigious consulting firms, is making waves by stating something that only a few marginal analysts, generally from the Austrian school, are saying : all developed economies have become giant Ponzi schemes. The fraud consists in paying interests to the investors with funds provided by newcomers, which can only lead to bankruptcy, as shown by the Madoff affair, last example to date.

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Swiss Gold Refiners Overwhelmed, Major Delays In Deliveries
Published Jan 10, 2013 on Kingworldnews

Egon von Greyerz told King World News that Swiss gold refiners have been overwhelmed with orders for physical gold and buyers are now experiencing major delays in deliveries:

"This is important information for your (readers and) listeners: There has been major buying in the physical market as gold came down in the last week of December, and the first week of January. The Swiss refiners are now working at absolute full capacity. There is a delay in fulfilling orders..."

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2013 forecast: Where next for the price of gold?
Published Jan 3, 2013 on 247bull

No one knows for certain when the current consolidation in gold will come to an end. However the ultra-loose monetary policy being pursued by the world’s central banks is very bullish for the yellow metal, and once the US debt ceiling has been raised the powerful bull market is certain to continue.

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Silver gains popularity among investors
Published Jan 9, 2013 on Bbc

Worries about the challenge of reviving the sluggish US economy and dealing with the Eurozone debt crisis have prompted nervous investors to find safe havens to put their money.

Gold has been long considered a safe-haven asset, but investors are now being attracted to silver.

The BBC's Leisha Chi has been finding out why some bullion experts believe silver will outperform over the next few years.

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