Why people don’t buy Gold
Gold is the only global asset
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A discussion:
Why people don’t buy Gold
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
by Daniele Mariani, swissinfo.ch
Most of the gold produced in the world transits physically through Switzerland, and in particular Ticino. Four of the world’s major refineries of gold are located on Swiss soil.
It is difficult to visualise the enormous quantity of gold that arrives in Switzerland every year. In 2011, over 2,600 metric tons of raw gold were imported into the country, to a total value of SFr96 billion ($103 billion). This was a record, the quantity having more than doubled over the last ten years, not including the gold that transits through Swiss free ports.
To get an idea of Switzerland’s profile in the sector of gold refining and trading, consider another figure: the production of gold from all the mines in the world in 2011 amounted to 2,700 metric tons, according to data from the US Geological Survey.
Click here to read the whole post on swissinfo.ch
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Printing Money – Price of Gold – Preservation of Wealth
- Worldwide money printing continues unabated
- Just In 10 years $120 trillion have been printed making global debt $200 trillion
- World GDP has gone from $32 trillion to $70 trillion 2001-2011
- Thus $120 trillion debt is required to produce a $38 trillion annual increase in GDP
- The marginal return on printed money is negative in real terms
- Thus the world is living on an illusion of paper that people believe is money
- This illusionary paper wealth will implode in the next few years
- The initial trigger will be the collapse of the world’s reserve currency – the US dollar
- The dollar is backed by $120 trillion of US government debt and probably NO gold
- All currencies will continue their race to the bottom and lose 100% in real terms against gold
- This will create a worldwide hyperinflationary depression
- All assets financed by the credit bubble will go down in real terms
- This includes stocks, bonds, property and paper money of course
- The financial system is unlikely to survive in its present form
- The banking system including derivatives has total liabilities of around $1.2 quadrillion
- With world GDP of $70 trillion, the world is too small to save a financial system which is 17x greater
- This is why there will be unlimited money printing and hyperinflation
- The only asset that will maintain its purchasing power is gold Click here for chart
- Gold has been money for 5,000 years and will continue to be the only currency with integrity
- Western countries’ 23,000 tons of gold is probably gone. See recent article by Eric Sprott.
- The consequence is that most of the gold in the banking system is likely to be encumbered
- This means that Central Banks one day will claim it back against worthless paper gold IOUs
- Thus gold and all other assets within the banking system involve an unacceptable counterparty risk
- Gold should be held in physical form and stored outside the banking system
Egon von Greyerz
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Oct 8, 2012
Today Egon von Greyerz spoke with King World News about the, “… most massive Ponzi scheme the world has ever seen.” Egon also stated, “… this will clearly end in total disaster.”
Click here to read the full interview on KWN
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Sept 28, 2012
“Gold is at a weekly highly for 2012. In my view we have probably seen the correction. The action in gold and silver is very bullish. They go up to higher levels, they consolidate at the higher levels, with a very small pullback, and then they move higher. I see the next big move as being up.”
Click here to read this interview on KWN
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Sept 21, 2012
Here is what Egon said: “I just wanted to say a few words because we’ve had another tungsten scare. Physical gold is the best way to protect investors from the destruction of their wealth. This is the ultimate form of wealth protection.”
Click here to read full interview on KWN
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Concerted QE – The Beginning of HYPERINFLATION
Why people don’t buy Gold
“MATTERHORN-INTERVIEW SEPTEMBER 2012 – Sandeep Jaitly”
Sandeep Jaitly: “GOLD IS THE CONSTANT”
At a recent Munich seminar with keynote speaker of the “New Austrian School of Economics” Professor Antal E. Fekete, financial journalist Lars Schall met up with Sandeep Jaitly, the editor of the Gold Basis Service, for a Matterhorn Asset Management September interview. In this audio interview below Sandeep discusses in layman’s terms the permanent and rising backwardation in precious metals and gold as the universally acceptable ultimate extinguisher of any debt among other things. (more…)
Why people don’t buy Gold
Sept 9, 2012
Egon von Greyerz in today’s interview: “Gold is now up 13% this year after having been up 19% compound annual growth in the last ten years. Gold is going up every year, paper money has been going down, and that will continue because of the amount of money printed.”
Click here to read the interview on KWN.
Matterhorn Asset Management is dedicated to wealth preservation through safe and secure silver and gold storage in Switzerland. Protect your gold in the world’s safest vaults. To become a client, click here.
Why people don’t buy Gold
Sept 6 2012.
Today Egon von Greyerz told King World News, “… we are now seeing a lot of fund managers and investors moving out of gold ETF’s, and taking delivery of physical gold and holding it outside of the banking system.” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also warned this is happening because they are now, “… deeply troubled at the thought of a systemic collapse.”
Greyerz also noted, “This move in gold and silver has barely started.” But first, here is what Greyerz had to say about the ECB announcement: “Eric, we had the announcement today that the ECB has agreed to unlimited bond buying. That means whatever amount is necessary, they will buy. This is designed to reach the objective of controlling interest rates so they don’t get out of hand in the peripheral countries of Europe.”
Continue to the read the full article on the KWN blog: CLICK HERE