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The global economy is awash in too much debt, which continues to pile up at an exponential rate.
History is clear how such eras end. The purchasing power of currency gets destroyed.
To understand why the barbarous relic has risen to an all-time high and may have an even better year lying ahead, we have the good fortune to speak today with macro & precious metals expert Egon von Greyerz, Founder of Matterhorn Asset Management & GoldSwitzerland — now known as vonGreyerz.gold
#gold #debt #stocks
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As the global debt crisis continues to loom over the world economy, many investors are searching for safe havens to protect their wealth. While some may turn to traditional investments like stocks and bonds, renowned economist Egon von Greyerz believes that gold will be the best asset to weather the storm.
Greyerz, the founder of Matterhorn Asset Management, has long been a proponent of investing in physical gold as a hedge against economic uncertainty. In a recent interview, he stated that he believes the current debt levels around the world are unsustainable and will ultimately lead to a major financial crisis.
According to Greyerz, central banks have been printing money at an unprecedented rate in an effort to prop up their economies. This massive influx of liquidity has led to inflated asset prices and created a bubble that is on the brink of bursting. When this bubble eventually pops, Greyerz believes that gold will be the asset that retains its value while stocks and other traditional investments plummet.
Unlike stocks, which can be volatile and subject to the whims of the market, gold has historically been a stable and reliable store of value. In times of economic turmoil, gold tends to perform well as investors flock to its safe haven properties. As a physical asset that is not tied to any government or central bank, gold is seen as a reliable hedge against inflation and currency devaluation.
In addition to its stability, gold also has the advantage of being a tangible asset that can be held in one’s possession. This gives investors peace of mind knowing that their wealth is not dependent on the health of financial institutions or the stability of the banking system.
While some may argue that stocks have the potential for higher returns in the long run, Greyerz warns that the looming debt crisis could wipe out much of the gains that investors have made in the stock market. In such a scenario, having a portion of one’s portfolio in gold could provide a much-needed buffer against potential losses.
In conclusion, as the global debt crisis continues to unfold, investors would be wise to consider allocating a portion of their portfolio to physical gold. With its stability, liquidity, and safe haven properties, gold has proven time and time again to be a reliable asset in times of economic uncertainty. As Egon von Greyerz has said, “Gold is money, everything else is credit.”
Its All fine and well but talking about the supposed nazi parties today is redicilous, eavil and stupid
I get your politics and usually agree with your views but I’m not here to listen to politics. I get governments are inept. So what are the best investment options? We get the problem, how do we protect our assets. Enough w the political rants!!
Disappointing to hear Von Greyerz refer to Putin as a statesman. He is in fact, a terrorist who is wanted for war crimes by the International Criminal Court
This guy gets my vote. He mentions vaccines as a risk to global population.
Canada is bringing in huge numbers of immigrants with no support for them or housing. Lots of issues.
Immigration naivete is most disconcerting for Western Countries. What idiots!
Riddle me this…
If the value of gold stays the same, but the value of a dollar declines, why does the Congress and the IRS tax us as though we've gained something!?
(Rhetorical of course)
Since gold's low in 2015 it has been outperforming the S&P. I expect that the number of ounces of gold one needs to buy a share of the S&P will continue to compress over this decade.
its not immigration its an invasion…we have a cult in DC and the leader cant walk a chew gum at the same time
Servant of Fools and People that refuse to work as hard as Darius Dale
This gold guru may be looking out of his Cinderella castle in Zurich while giving the Armageddon forecast. But he could have slung a Banksy poster on the wall behind his head and played singing in the rain while he did it. Central banking collapse or not.
Thanks Adam, that's cheered up my Easter.
Adam is a YouTuber champion. Broadcasting for us while he is vacationing with family. It's like we are his favorite parasocial family.
Egon lives in Switzerland which gave up it neutrality to support Nazis in Europe who support Nazis in Ukraine. I’m glad he’s pessimistic. I wish nothing but bad tidings for the European elite and the US for supporting the putrid regime of Ukraine. And I am from European heritage with family in Europe. The zombie populations of Europe need to rise up against their elites or wallow in the cesspit they have created for themselves.
He also says ‘we help people around the world managed their wealth’. Yeah by helping them avoid taxes and also just like they helped the Nazis hoard stolen Gold.
I enjoyed this video. My sympathy for the loss of your dad, I can relate due to the unexpectedly lost a 32 year old son of mine a year ago.
The Famine, War, Death and Economic Collapse Egon von Greyerz describes is right out of the Book Of Revelation
Revelation 6
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse: and he that sat on him had a bow; and a crown was given unto him: and he went forth conquering, and to conquer.
3 And when he had opened the second seal, I heard the second beast say, Come and see.
4 And there went out another horse that was red: and power was given to him that sat thereon to take peace from the earth, and that they should kill one another: and there was given unto him a great sword.
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
8 And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth.
9 And when he had opened the fifth seal, I saw under the altar the souls of them that were slain for the word of God, and for the testimony which they held:
10 And they cried with a loud voice, saying, How long, O Lord, holy and true, dost thou not judge and avenge our blood on them that dwell on the earth?
11 And white robes were given unto every one of them; and it was said unto them, that they should rest yet for a little season, until their fellowservants also and their brethren, that should be killed as they were, should be fulfilled.
12 And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood;
13 And the stars of heaven fell unto the earth, even as a fig tree casteth her untimely figs, when she is shaken of a mighty wind.
14 And the heaven departed as a scroll when it is rolled together; and every mountain and island were moved out of their places.
15 And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains;
16 And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:
17 For the great day of his wrath is come; and who shall be able to stand?
Bitcoin was introduced by the elites to draw the public away from hard assets and to prepare society for central bank sponsored digital currencies and total control. And now we have a generation of investors chasing after their very own demise through crypto, not to mention believing in so-called global warming, forced medical interventions and more. A mass delusion. Remember, by 2030 you will own nothing and be happy. Do you think they are joking? More people are waking up everyday. Time to rip the blinders off folks.