BANKS IN CASE OF EMERGENCY BLOCK GOLD ACCESS
The highly acclaimed crypto market is undergoing a harsh correction, painfully demonstrating how quickly governments can put this asset class in distress, not for wealth preservation. In the U.S. and globally, prices are rising at rates not seen in decades.
Asset price inflation is now spreading to everyday goods as the velocity of money in circulation increases, in some cases, exacerbated by artificially created shortages. It looks as if we have to prepare for shrinking economies and inflation. In this mix, more and more institutional investors are recognising the need to diversify their portfolios with gold. If they choose ETFs for this, they put themselves in danger of having no precious metals in case of an emergency. The Perth Mint’s problem should provide a cautionary tale for investors.
About Egon von Greyerz
Egon von Greyerz
Founder and Chairman
VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45
VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
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