Gold ETFs Offer Zero Wealth Protection

Founder @ Matterhorn Asset Management & GoldSwitzerland
April 22, 2020

In this important interview Egon von Greyerz of Matterhorn Asset Management AG, answers questions of Jan Kneist’s Investor Talk.

Mine closures and selling restrictions are causing shortages of precious metals in the retail sector, but ETFs are experiencing large inflows of funds. Where do they get the gold, if at all? Is it still possible to invest large sums in gold via Matterhorn?

  • 01:15 2.3 Trillion Dollar stimulus temporarily hold the market

  • 02:10 50% upward correction, new lows ahead?

  • 03:10 A cycle of 200 years or longer is over

  • 04:20 The FED balance sheet is inflated, as expected

  • 05:00 All central banks will expand the balance sheets, print

  • 05:50 Hyperinflation results from currency collapse, not demand

  • 06:20 US debt doubles every 8 years

  • 07:00 2008 will not be repeated, a success of printing is unlikely

  • 08:10 Gold in Euro reaches a new record high

  • 09:05 FED balance Sheet/Gold chart speaks for Further Gold Rise

  • 11:05 Gold is manipulated via the paper market

  • 11:40 Physical scarcity of gold and silver, supply diminishing

  • 12:10 ETFs record high inflows where does the metal come from?

  • 13:20 Gold ETF’s do not protect your assets

  • 14:50 Central banks and bullion banks lend the same gold to ETFs multiple times

  • 16:10 ETF’s are useless in a banking crisis

  • 17:10 Can Matterhorn now fulfil great demand for gold?

  • 17:45 Swiss refineries are again operating at 25% of capacity

  • 18:05 Investments in gold at Matterhorn are now (still) possible without problems

  • 19:30 Continue to provide, not only financially

  • 20:15 The world economy is changing fundamentally, whole industries will disappear

  • 22:05 More time for the family

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 70 countries.
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Egon von Greyerz – Founder and Managing Partner of Matterhorn Asset Management (MAM) and GoldSwitzerland based in Zurich. Egon forecasted the present problems in the world economy already in 2002 when he recommended to investors to allocate 50% of assets into physical gold (at $300) stored outside the banking system. Egon began as a banker in Geneva and was thereafter Finance Director and Vice-Chairman of a FTSE 100 company in the UK.  He makes regular media appearances  on CNBC, BBC and King World News and speaks at investment conferences around the world. MAM (founded in 1999), specialises in wealth preservation. GoldSwitzerland buys, sells, transfers and stores physical precious metals for private investors and institutions outside the banking system. His website is

Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.
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