Fiat Money

Yes, this is it! We have crossed the Rubicon, and events in the world economy are now likely to unfold in a totally uncontrollable fashion. Clueless governments still don’t understand that their ruino...

Egon von Greyerz / May 18, 2010

The severe problems that the world economy and financial system have experienced in the last couple of years will seem like a walk in the park compared to what will happen in the next couple of years

Egon von Greyerz / October 22, 2009

There is really only one government in the world that understands the virtues of gold - China. Not only is the country buying all the gold that they can without pushing the price up but they are also...

Egon von Greyerz / September 11, 2009

Take the following ingredients: And what do you get? A Banking system which: That, ladies and gentlemen, is the state of the world’s financial system today and that is why you need to protect yo...

Egon von Greyerz / June 12, 2009

“Don’t tell me what to buy, but tell me when to buy”! Back in 2002 we told investors to buy physical gold for up to 50% of their liquid assets. Since then gold is up between 220% and...

Egon von Greyerz / May 28, 2009

Or, we could say  “Goodbye Paper Money  – Hello Real Money”. We have for some time warned investors that the era of the dollar as a reserve currency is coming to an end soo...

Egon von Greyerz / May 13, 2009

Gordon Brown has really surpassed himself in creative alchemy. He has turned $100 billion of G20 new commitments into $5 trillion of air! Take $100 billion of committed new money, add $500 billion of...

Egon von Greyerz / April 3, 2009

The incitement to violence is gaining momentum, and the latest example is an article in the Daily Mail: Seize their Porches and throw them in jail! Shameless bankers are worse than the Train Robbers....

Egon von Greyerz / March 22, 2009

The Fed decided yesterday to spend another $ 1.15 trillion to try to save the financial system. They will spend $ 750 billion to buy mortgage-backed securities and $ 300 billion to buy long-term Treas...

Egon von Greyerz / March 19, 2009