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By Egon von Greyerz

Founder and Chairman

In this recent interview with SBTV (Silver Bullion Television), Matterhorn Asset Management founder, Egon von Greyerz, places his seminal focus on risk management in the specific context of precious metals.  Egon begins with a father-of-the-bride speech given in 2002, in which he encouraged guests to buy gold. In the 18 years since he raised his glass, gold has increased by 7.5X…

Turning to current times, this passion and conviction for gold and silver remains. Egon reminds listeners than even such price appreciation is not the core driver behind Matterhorn’s conviction in precious metals, as its primary aim remains one of wealth preservation, by which precious metals serve as an undeniable and historically-confirmed antidote to openly fragmented currency and financial markets set in motion toward inevitable disaster when Nixon myopically left the gold standard in 1971. Egon tracks the gold market phases from 1999 through the low periods of 2011, and then the significant break above the $1350 “Maginot price line” in June of 2019 which portends a significant new bull cycle in gold.

As to the destruction of paper money subsequent to exaggerated central bank creation of fiat currencies around the globe, Egon bluntly describes such paper money as essentially worthless, factually reminding that since 1971, all currencies are down by 97-99% against gold. Despite such data (or Warren Buffet’s misguided yet infamous anti-gold statements), central bankers and pushers of Orwellian MMT fictions/propaganda are pretending fiat currencies still matter even as the mounting evidence of a move toward alternative digital/gold backed currencies are now inevitable.

When asked about the present lack of inflation despite unlimited global money printing, Egon candidly tracks its path into inflated asset classes rather than CPI-measured inflation. This, of course, leads to zero economic productivity and lowered money velocity, thereby blunting inflationary forces—for now. Humorously, central banks are posturing to “create” controlled inflation, which, eventually, they will not be able to control. Gold and silver, of course, serve as the best insurance against the massive inflationary risks on the horizon.

Turning toward the European Community, Egon’s outlook is less than optimistic that the $500 billion European Union Recovery Fund (and the additional $250 billion in loans) will solve the underlying bureaucratic  and financial fissures that will ultimately break the debt back of this experimental union, which only works in good times and eventually disintegrates in bad times, such as now.

PS We apologise for the distorted picture quality.

About Egon von Greyerz
Born with dual Swiss/Swedish citizenship, Egon's education was mainly in Sweden. Egon von Greyerz began his professional life in Geneva as a banker and thereafter spent 17 years as the Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the U... More...

Egon von Greyerz
Founder and Chairman

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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