COVID 19 STRAW FIRE SPREADS TO BANKS AND GOVERNMENTS
Good labour market figures are causing a flash in the pan in the USA, but the FED wants to keep interest rates at zero until 2022. I don’t think we’ll get any V-recovery. New bond purchases are monetising more and more junk, and small investors are entering the market en masse.
The FED always wins, right?
Meanwhile, gold is doing very well and is well ahead of equities for over 20 years. With the global failure of paper money, it may even become the performer of the century. It doesn’t matter if you want to “play” stocks now, in real terms, they will lose drastically against gold.
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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