Egon von Greyerz interview on CNBC’s Squawk Box Europe
Click here to see the live interview
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‘COMMENTARY SECTION’
CNBC Interview – The Gold Illusion
Tuesday, December 22nd, 2009India buys Gold – UK buys Banks
Tuesday, November 3rd, 2009India understands the virtues of gold. They snapped up 200 tons of gold from the IMF at around $1,045 per ounce or $6.7 billion. The UK does not understand gold. It sold gold at the very low 10 years ago.
Read this commentary published on GoldSwitzerland
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A FINAL WARNING from Egon von Greyerz
Tuesday, October 27th, 2009On the new website GoldSwitzerland.com, Egon von Greyerz states that the last couple of years have been ‘a walk in the park’ compared to what lies ahead. Starting in November we will see an acceleration up in gold and down in the dollar.
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GOLD vs. PAPER MONEY
Sunday, October 4th, 2009An interview by Lars Schall with Egon von Greyerz has just been published on MMNews on the subject “Gold vs Paper Money”.
The interview covers the role of gold in a likely hyperinflationary depression. Also discussed is the end of the US empire and the role of GATA (Gold Anti-Trust Action Committee). Egon von Greyerz states that gold manipulation will soon fail and that the only real gold market will be the physical market.
To read the interview on MMNews in full please click here .
To view GATA’s comments on the interview please follow this link .
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GOLD IS NOW UNDERWRITTEN BY CHINA
Friday, September 11th, 2009There 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 encouraging the Chinese people via the media to buy gold and silver.
Power corrupts
Let us first look at the US and ex Fed Chairman Greenspan to demonstrate how sound individuals become totally corrupt and dishonest once they become politicians. (Yes, the chairman of the Fed is political position which permits no integrity).
In 1966 Greenspan wrote an essay – “Gold and Economic Freedom”- in which he spells out the importance of gold. Here is
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INFLATION DEFLATION AND GOLD
Monday, August 3rd, 2009The current debt and asset deflation will not lead to a Japanese 1990′s style deflationary period. It is more likely to lead to hyperinflation in the US, the UK and many other countries.
Hyperinflation
Most people find it very hard to fathom that the current asset deflation is a necessary precursor to hyperinflation. The consequences of the credit and housing bubbles of the last few years have been a financial system which is leveraged to the hilt and with a foundation of quicksand. In order to prop up a sinking financial system just the US government has printed or committed to over $13 trillion and other governments have committed equally substantial amounts.
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WHERE IS THE GOOD NEWS?
Friday, June 26th, 2009The only reason why there has been an air of optimism in the world economy in the last couple of months is that the bearers of these false rumours of recovery all have a vested interest. They are either government officials who consistently mislead the people, bankers who are the principal beneficiaries of the dollar trillions printed or they are investors in the stockmarket who hope to recover their losses.
Anyone who speaks to the man in the street will get a totally different message. Speak to the hundreds of thousands who are losing their jobs every week in the world, speak to the taxi driver, speak to the man with
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GOLDEN SHOOTS
Friday, June 19th, 2009No green shoots
There are no green shoots. Every single piece of economic and market news we observe confirms our view that the current optimism in the world economy is purely based on sentiment and not on facts.
The current corrective rallies in world stockmarkets were forecast by us in our January Newsletter. Corrective rallies create false optimism and hope. This is what we are seeing currently.
So, what indicators are telling us that things are going to get a lot worse:
Unemployment is increasing rapidly in all countries
Government deficits are rising at an accelerating pace
Many local governments, counties and cities are virtually bankrupt
Household finances are worsening rapidly
Bank balance sheets are as leveraged and
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A RECIPE FOR DISASTER
Friday, June 12th, 2009Take the following ingredients:
A banking system which is on the verge of collapse
Add a few $ trillion of government liquidity and guarantees
Inject $ 100′s of billions in loans and capital
Keep all the bank management that have caused the crisis
Pay them astronomical bonuses because otherwise they might be snapped up by a bankrupt competitor
Change the method for valuing the banks toxic and worthless assets so that they can publish hocus pocus increases in profits
Construct a stress test that all banks can pass, some with minor capital injection
Let some of the banks repay the government money to make the markets believe that the banking system has been saved and is sound
And what
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CNBC Squawk Box interview Egon von Greyerz – June 7
Monday, June 7th, 2010June 7 ,2010 – CNBC Squawk Box Europe interview with Egon von Greyerz
Airtime: Mon. Jun. 7 2010 | light e) ET
The “real move” in gold is to come, predicted Egon von Greyerz, founder of GoldSwitzerland.com, Monday. He sees the inflation-adjusted price of gold rising to $7,000 an ounce in the future on inflation and tells CNBC it could go higher if the world encounters hyperinflation. “Gold is at this point not a bubble,” he added.
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