“When elephants and central bankers (with wings) fly, don’t hold gold” This is what Egon von Greyerz recommends in this 25 min. interview with Jan Kneist of Investor Talk.
Will the world experience a catastrophic debt implosion? Just like the Titanic Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article.
The time has now come for the 99.5% of financial assets which are not invested in gold, silver or precious metals mining stocks to grab both the investment and wealth preservation opportunity of a life time.
Below, we look at gold in a broke(n) world of hubris, debt, Realpolitik and a rising east.
Egon explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before the bubble pops. The U.S. debt has doubled every eight years, and by 2025, is expected to reach around $40 trillion.
After the recent bank collapses and string of interest rate hikes, Egon von Greyerz shows his deep concerns for the U.S. monetary system.
In this discussion between Egon von Greyerz and Alasdair Macleod, on the state of the current banking system and the importance of gold, the speakers express concerns about the system’s eventual collapse due to the excessive creation of “...
Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price.
Most investors are totally ignorant of the purpose of gold or its historical significance. After all, Gold is the only money that has survived in history but virtually nobody is aware of this vital information. That’s why only 0.5% of...
The inevitable consequence of the current Global Debt Bubble will be the Bankruptcy of the financial system and many of its participants. The one Swiss and three US banks that just went under is just a foretaste of what is to come.