Political & Currency Chaos Colliding with Gold & Common Sense

Founder @ Matterhorn Asset Management & GoldSwitzerland
February 13, 2023

In this engaging conversation with Darryl and Brian Panes of As Good As Gold Australia, Matterhorn Asset Management Principal, Matthew Piepenburg, discusses the manifold needles pointing at the global debt bubble with refreshing common sense and complimentary facts.

The discussion opens with US public debt limits, which have gone from under $1T in the Reagan era to over $32T today. Piepenburg explains why such debt levels are not only unsustainable, but ultimately addictive, toxic and fatal to markets and economies. As for predicting the end-game with any precision, this is a mug’s game given the counterfeit power of central banks, but the need for preparation is now crystal clear.

Darryl asks whether trust in the USD is at open risk and trending toward a loss of confidence. He specifically poses the question as to whether Putin has ironically become the most courageous voice in calling out the USD’s clay feet. Piepenburg addresses the backfiring policies and sanctions against Putin in detail and confirms that the net result has been the slow reduction the USD’s global hegemony as the BRICS and other nations turn slowly away from the petrodollar and other USD-denominated trade settlements.

Brian raises the historical issue of war and currency destruction. Piepenburg describes the fiat monetary expansion system as one of open fantasy masquerading as a miracle solution which ignores the candor and facts of math, history and, of course, inflation. Ultimately, common sense prevails. Regardless of individual understanding of the complexities of global finance, everyone feels the destruction of paper money in real time; this “feeling” eventually and historically leads to distrust in governments, currencies and social cohesion, which those in power fear. Political reactions to such fears have historically and consistently resulted in wars and increased centralized control over the average citizen, the evidence of which is increasing by the day.

The conversation turns to the increasingly apparent lack of real-world qualifications of the so-called “global elite” which Piepenburg calls out for their lack of accountability and honesty and the creation of dangerous wealth inequality.

Finally, of course, the conversation turns toward “true inflation,” precious metals in general and the silver direction in particular. Piepenburg addresses central bank precious metal accumulation, the pending chaos in paper money and the inevitable role both gold and silver play in these backdrops. As with the entire conversation, the direction and role of precious metals boils down to this: Common Sense.

Gold Switzerland

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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 www.goldswitzerland.com


In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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