Manipulation

Although gold can and will see price surges (and losses), the kind of surges (and losses) made by BTC are far too volatile, up or down, to be considered as a credible store of value.

The state of the world necessitates holding gold as life insurance. Whether gold reaches $2,000, $20,000 or $200 trillion has nothing to do with the value of gold but all to do with a bankrupt financial system and worthless fiat currencies.

Gold and silver continue to be in correction mode. What caused the slump last Friday? Deception before the impending chaos in the U.S.? The correction is an opportunity, because the collapse can only be delayed with more trillions. Central banks inflate balance sheets and money supply, risks are neglected. In the environment, food prices are rising worldwide, exacerbating the plight of many people.

Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.

Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.

The stock markets look strong, gold is weakening. Problems have not been solved, but with vaccination news the markets are moved. Buffett sells a part of his Barrick shares and causes uncertainty. And the WEF speaks of a "Great Reset".

Certainly, when the new CFTC and Basel III rules come into effect, commodity markets will experience extreme volatility. There are currently 100 ounces of virtual gold for an ounce of physical. This proportion will drop very sharply. You will have to keep your nerves, when this happens. And keep your back during the downturn, until prices explode higher.

Gold would obviously be life saving during the hyperinflation but also be the only form of real money during the deflationary implosion as fiat money in the system disappears or becomes inaccessible.

In my 50+ years as an investor, I have never seen such an obvious and attractive way to both preserve and enhance wealth as in the precious metals sector.

In this interview Egon von Greyerz answers viewer questions. Gold continues to correct, but mining shares send positive signals. China and Russia are buying a lot of gold and their power is growing. Do they even have 100,000 tons of gold each? A well-connected author asserts this. Digital currencies are mentioned more and more often, but what are they really?