Articles

We have told investors that the rating of US and UK sovereign debt is a farce and that they both will be downgraded. Today the UK is on its way to joining the PIGS countries as Standard and Poor’...

Egon von Greyerz / May 21, 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

Gold outperformed most assets in the first quarter of 2009. On the Matterhorn Asset Management website the  Gold charts pages show that  gold gained between 4% and 7% against major currencies  in Q1 2...

Egon von Greyerz / April 9, 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

This week there will be a meeting between G20 leaders and central bankers in London to save the world economy. Let us make it very clear – the meeting is bound to fail. There is no chance that t...

Egon von Greyerz / March 30, 2009

In our February Newsletter we discussed the bankrupt UK econony. MEP (Member of European Parliament) Daniel Hannan makes a scathing attack on Gordon Brown and his failure in running the UK economy,  i...

Egon von Greyerz / March 27, 2009

by Egon von Greyerz 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...

Egon von Greyerz / March 22, 2009

by Egon von Greyerz 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 t...

Egon von Greyerz / March 19, 2009

by Egon von Greyerz Everything the world’s most successful hedge fund manager has touched in the last couple of years has turned to gold. Now he is also investing in gold. This will be the first...

Egon von Greyerz / March 19, 2009