You Cannot Go Wrong With Gold

By Egon von Greyerz – Re-Blogged From Gold Eagle

This is probably the most important article I have penned. It is about the destiny of three individuals who all followed different tides. We are today at the point when the consequences of taking the wrong tide will be ruinous whilst the right one will be extremely propitious.

I have quoted Brutus’ speech in Shakespeare’s Julius Caesar many times in the last twenty years. But I believe that it is today more relevant than at any time in history, when it comes to economic affairs.

There is a tide in the affairs of men.
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures.

Shakespeare – Julius Caesar

The moral of the story will be obvious. The outcomes are so vastly different that anyone who reads about the three human destinies below will easily sympathise with the one who took the tide that “leads to fortune” rather than the two who ended up “in miseries.”

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Priced For Perfection

By Michael Pento – Re-Blogged From Silver Phoenix

The stock market has now priced in a perfect resolution for all of its erstwhile perils. Wall Street Shills would have you believe that since the Fed has turned dovish it will always be able to push stocks higher. The trade war is about to reach a peaceful conclusion and that will be enough to fix all that ails the global economy. A no-deal Brexit is off the table and a smooth transition out of the EU will occur. Peace will soon break out in Hong Kong and its troubled economy will have no contagious global economic effects. And, there will be a sharp rebound in EPS growth from the current earnings recession because…well…just because we need one.

However, beneath the surface of this economic charade the carcass is rotting and the stink can be smelled by anyone who isn’t willingly holding their nose. To this point, the leveraged loan market, which consists of loans made to highly indebted and barely solvent entities, has seen an increase of 100% since 2007, according to the Bank for International Settlements.

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2020 Vision

By USAGOLD – Re-Blogged From Gold Eagle

Five charts to contemplate as we prepare for the New Year

 1. Gold’s annual returns 2000 to present

In the February edition of this newsletter, we ran an article under the headline:  Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for gold since 2010 even with the recent correction taken into account.  Back in September when the price gold reached $1550 per ounce – up almost 22% on the year – 2019 was looking more like a breakout year. Now with the move back to the $1460 level, the market mood has become more restrained. As it is, gold is up 15 of the last 19 years and still up 14.45% so far this year.

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Von Greyerz Interviewed By SilverDoctors

By Egon von Greyerz – Re-Blogged From Gold Eagle

In this interview with Silverdoctors, Egon discusses $666 silver and $10’000 gold. Some viewers commented the 666 price target.

Egon stated in response to these comments:


All the commentaries related to 666 and Luciferians have got the wrong Bible quote. Here is the correct one: 2 Chronicles 9.13 “The weight of gold that came to Solomon in one year was six hundred sixty-six talents of gold.” 666 talents of gold is today worth over $1 billion. So the wise King Salomon collected $1 billion of gold every year which has nothing to do with Lucifer. 


Also:

  • What is going on now in the global economy, and how does it compare to Nixon Closing the Gold Window in 1971.
  • Governments are stockpiling record amounts of gold, but are we at gold fever yet, and what will that look like.
  • Will we see inflation, deflation, or hyperinflation.
  • Gold recently broke Egon’s Maginot Line of $1350. What does that mean and what is Egon’s current outlook for gold.
  • What does Egon think about silver and the gold-to-silver ratio?
  • What is on Egon’s radar for the autumn of 2019.

For the discussion of those topics and a whole lot more, tune in to the interview in its entirety:

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.
GoldSwitzerland.com
Contact Us

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Inflation Ghosts: Past, Present & Future

Individuals dream about winning the lottery, stock market profits, reducing debt, earning more income, attractive sex partners, and tasty food. But our dreams can turn into nightmares filled with inflation ghosts and monsters.

The derivative monster is a destroyer. Deutsche Bank stock closed at $6.76 on June 7, 2019, down from over $100 in 2007. A repeat of 2007 is possible. Price on July 25 is $7.89 – still sick.

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What Can Kill A Useless Currency

By Keith Weiner – Re-Blogged From Gold Eagle

There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don’t like it / <insert favorite bugaboo here>. When they do, they will repudiate it. That is, sell all their dollars to buy consumer goods (i.e. hyperinflation), gold, and/or whatever other currency.

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End Of The World (Part 1)

By Gary Christenson  -Re-Blogged From Gold Eagle

Predicting the end of the world, physical or financial, is seldom helpful. If the prediction is correct, how do you profit from the insight? If the prediction is wrong and the “end of the world” is delayed (typical), you lose credibility.

An estimate of risk versus reward based on an analysis of current information is more useful.

Assessment: The 2018-2020 risk for most asset classes, such as stocks, bonds, corporate debt, and real estate is high while the potential reward in those asset classes is low. Gold and silver are opposite. Their long-term risk is low (September 2018) and their long-term potential reward is huge.

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