Gold reflects the destruction of paper money
“The Matterhorn Interview – 31 Dec 2013: Egon von Greyerz”
On the final day of the year we are publishing the interview that Lars Schall has just conducted with me in Zurich.
We cover a wide range of important areas which include the coming failure of the gold paper market, the importance of owning physical gold as insurance against a failure of the financial system and to protect against counterparty risk.
The risks are considerably higher now than they were in 2008. The likely consequences will not just be a repeat of that crisis but the end of a major era. So this time, the world cannot print itself out of trouble and instead we are likely to see “The Dark Years are here” an article which I wrote a few years ago and which Lars asks me about.
We also discuss the gold price and if I am worried about the current pressure that gold is under as well as the destruction of the currency system within 5 years from now.
The future for our children and grandchildren is likely to be a lot more difficult than ours. But the world has been through these periods before and survived. So as I say in the interview, people should prepare themselves to the best of their ability and then just continue to enjoy life.
Finally, I wish everyone a healthy 2014 – it will definitively be eventful.
Egon von Greyerz
“Gold reflects the destruction of paper money”
About Egon von Greyerz
Egon von Greyerz
Founder and Chairman
VON GREYERZ AG
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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