Fiat Money

Finally it happened although it took 6 long years to break through The Gold Maginot Line at $1,350!

This resistance was a lot stronger than the original French one in WW II since i...

Egon von Greyerz / June 27, 2019

The breakout in gold and silver that we have been patiently waiting for is now starting. The long term up move in the precious metals, which have been pausing since 2011, is now resuming. We can with...

Egon von Greyerz / June 14, 2019

MMT is the socialists’ dream. It officially stands for Modern Monetary Theory but a more appropriate name would be More Money Theory. Because MMT is just a fancy name to justify more money printing, m...

Egon von Greyerz / April 12, 2019

One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability to r...

Egon von Greyerz / April 3, 2019

Imagine a casino full of slot machines that all guarantee a constant high return. All you need to do is to put in a bit of money and you will get an incredible income stream for life. Well, this is e...

Egon von Greyerz / February 28, 2019

The statement above is of course totally accurate for a country running budget and trade deficits for over half a century with a total debt, including unfunded liabilities, in the hundreds of trillion...

Egon von Greyerz / February 6, 2019

Tinker, tailor, soldier, sailor, rich man, poor man, beggar man, thief

This old nursery rhyme, or counting game, dating back from the late 17th century, could be seen as a prediction...

Egon von Greyerz / January 31, 2019

In 2019 the investment world will start to realise that asset markets don’t grow to heaven as stocks, bonds and property start their long journey down which will eventually lead to declines of 75% to...

Egon von Greyerz / January 17, 2019

Long term holders of gold have a different perspective of the world. They are not believers in instant gratification. Nor do they believe that a world based on money printing and debt can create susta...

Egon von Greyerz / January 11, 2019