DEBT TSUNAMI TRIGGERS GOLD BUYING SPREE
Egon von Greyerz von Matterhorn Asset Management AG answers Jan Kneist’s questions on gold.
Gold very quickly reached a new high and entered unknown territory. This attracts new buyers, e.g. Warren Buffett, who has so far only bad-mouthed gold. A paradigm shift is taking place, and trillions of dollars are looking for inflation protection. The gold buying panic that can currently be observed in Turkey will spread all over the world, and with increasing money velocity, inflation will increase dramatically.
Countries with a strong lockdown suffer the worst, including the UK and the USA. Credit deferrals only buy time and solve nothing. The clock is ticking, and day X is approaching. Buy important things now.
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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