Financial crisis

In this recent interview with SBTV (Silver Bullion Television), Matterhorn Asset Management founder, Egon von Greyerz, places his seminal focus on risk management in the specific context of precious metals. Egon begins with a father-of-the-bride speech given in 2002, in which he encouraged guests to buy gold. In the 18 years since he raised his glass, gold has increased by 7.5X…

In this second MAM Chat, Egon von Greyerz and Matthew Piepenburg swap thoughts on the seductive yet dangerous 2020 market melt-up. Not surprisingly, all patterns point toward the case for precious metals.

In this keynote speech at the GAIC Virtual Gold Conference in Australia, Egon von Greyerz explains why the US economic crisis is worse than most people understand and that it has been going on for quite some time.

After three consecutive weeks of growth, Russian forex holdings have reached a total of $591.8 billion, according to the latest data released by the country’s central bank.

At some point when hyperinflation rules, the economy will turn down and the printed money will be totally worthless. At that point, stocks and gold will decouple and gold will continue up whilst stocks will fall or be stagnant.

Even the central banks are looking at the return of inflation, that's who should alert all savers and investors around the world. As a reminder, central banks were created in the 19th and early 20th centuries (for the Fed) in order to guarantee the value of the currency, i.e. to combat against price gouging.

In this brief discussion, Matt and Egon draw from their collective backgrounds to share ideas on the natural evolution from traditional risk (bubble) assets (i.e. stocks and bonds) toward precious metals as common-sense approaches to insuring against both currency and banking risk.

Since the end of 2006, the major central banks (Fed, ECB, BOJ & PBOC) have increased their balance sheets from $5 trillion to $25.5t today. The great majority of the extra $20t created since 2006 has gone to prop up the financial system. And even with these $20t the world economy is more rudderless than it has ever been.

I mean, what if the debt wasn't serious? What if the explosion of its amount all over the world since the coronavirus crisis had no harmful consequences? What if we could even get rid of some of it without incurring any damage? This is the little tune we hear from those who want more and more public spending, who believe that only public spending can get us out of the rut, that we have to keep printing money.

Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell’s The Capital Network’s Executive Director Lelde Smits who stands to loose and gain the most.