Wall Street Silver And Egon von Greyerz: Shortages Will Worsen

Founder @ Matterhorn Asset Management & GoldSwitzerland
October 28, 2021

 

Egon von Greyerz sits down with Jim Lewis and Ivan Bayoukhi of Wall Street Silver to discuss the deteriorating situation of the global financial system and what it means for the fate of the United States dollar and precious metals.

As both Egon and Wall Street Silver agree, ownership of physical gold and silver stored outside the banking system is crucial for the preservation of one’s wealth in the years ahead. The markets are saturated with over-leveraged banks and liquidity-dependent companies, creating a fragile financial system. Shocks are unpredictable, and any bankruptcy or disruption could be a catalyst for a meltdown. Prudent investors must ensure there is no counter-party risks associated with their assets.

Meanwhile, the world must prepare for the worsening of shortages and subsequent social unrest. From Marie Antoinette’s disregard for the peasants’ lack of bread and her infamous quip, “let them eat cake,” to crippling food shortages in 1917 Russia and the Arab Spring of 2011, food shortages are highly associated with widespread social unrest and revolutions. Moreover, empty shelves and empty stomachs in the world’s richest nations would be so unfathomable to the populace, unrest may be worse than most could imagine.

While the future remains uncertain, history is clear: Reality has a nasty habit of catching up with economies living outside its purview. The US dollar has lost 98% of its value since 1971. The final 2% will be a wild ride.

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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

Gold's special properties mean that it has a greater variety of uses than almost any metal.

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