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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Argentina Currency Crisis Pain Is Spreading

By Bloomberg – Re-Blogged From Newsmax

Tommy Samson is explaining why he’s been forced to scale back business amid Argentina’s financial-market rout. His Buenos Aires firm imports surgical equipment such as sutures for stitching wounds, paying in foreign currency. Then he sells them to local customers in pesos.

The last link in that chain is breaking down — because Argentina’s currency is in freefall. It’s lost half its value this year, and some 20 percent this week alone. The slump threatens to spread havoc through the $640 billion economy, rupturing supply chains for businesses and straining the finances of households.

And it’s casting a shadow over President Mauricio Macri’s prospects of winning re-election next year. Even Argentina’s most market-friendly leader in more than a decade has struggled to restore investor confidence.

Image: Argentina Currency Crisis Pain Is Spreading
(Dreamstime/Siempreverde22)

“There’s no clear price reference after the peso plunge.”

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John Law – 300 years On

By Alasdair Macleod – Re-Blogged From Gold Eagle

Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South Sea bubble, the tulip mania and the Mississippi bubble, published in the mid-nineteenth century.

The most valuable bubble empirically for the purpose of our elucidation has to be the Mississippi bubble, whose central figure was John Law. Law, a Scotsman whose father’s profession was as a goldsmith and banker in Edinburgh, set up an inflation scheme in 1716 to rescue France’s finances. He proposed to the Regent for the infant Louis XIV a scheme that would be based on a new paper currency.

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The Cash it Takes to go Shopping in Failing Socialist Venezuela

By Reuters – Re-Blogged From IJR

Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.

The Wider Image: Venezuelans rush to shops before monetary overhaul