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Gold: Working Generations Ahead as Headlines Miss the Big Picture

By Egon von Greyerz

Founder and Chairman
Egon von Greyerz and Matthew Piepenburg discuss the current disconnect between debt, currency and rates, and an oblivious stock market and falsely complacent café society.

In this 20-minute MAMChat, Matterhorn Asset Management partners, Egon von Greyerz and Matthew Piepenburg, discuss the current disconnect between increasingly dark macro clouds (debt, currency, and rates) and a seemingly oblivious stock market and falsely complacent café society.

Egon opens with his own observations of this trend in the various and familiar cities of Europe, despite an ignored “summer of discontent” for the majority of middle-class families struggling to make ends meet. Piepenburg then addresses the empirical indicators of a looming and hard recession within the US as warned by everything from NY Fed data and PPI reports to tanking AirBnB numbers and luxury watch sales.

In this backdrop of ignored storm clouds, rising debt levels and misleading summer charms, von Greyerz and Piepenburg address the inevitable fate and direction of the USD and its ramifications for gold pricing. Toward this end, a number of factors, both historical and current, easily explain the foreseeable fall of the USD and steady rise of gold.

Finally, von Greyerz addresses the issue of a potential hit in the gold price during times of stock sell-offs in recessionary market declines. Placed in the context of history as well as current gold support, we learn that however the daily headlines turn, the conversation regarding gold as a wealth preservation asset is not only familiar, but confirms gold as constant throughout deteriorating cycles. In sum, the headlines may seem unique to our times, but the looming end-game (and currency destruction) is nothing new and of little surprise to the well-informed who think generations rather than months and days ahead.

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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