March 12th, 2009 by Egon von Greyerz
GOLDEN TIMES AHEAD
BUT ONLY FOR OWNERS OF PHYSICAL GOLD
by Egon von Greyerz
In this month’s newsletter we will discuss why physical gold is the most important and probably the only asset to protect investors’ wealth from total destruction in the next few years. Gold will not only preserve investors’ wealth, it will also continue to greatly enhance their wealth just as it has done for the last ten years. In 2002 Matterhorn advised investors to put up to 50% of their liquid assets in physical gold. Since then gold has appreciated over 200% against most currencies. But we believe that the big move in gold is still to come as we
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February 6th, 2009 by Egon von Greyerz
The bankrupt saving the bankrupt
by Egon von Greyerz
Who will save the UK?
Last month we said that the UK will follow Iceland in a hyper inflationary financial depression. Just one month later our predictions are being confirmed both by events in the UK economy as well as by forecasts from the IMF several economists and money managers.
If we look at the chain of UK debtors, every link is on the verge of bankruptcy.
The UK consumer debt is higher than GDP and unsecured personal debt is twice the level of the rest of Europe. The UK consumer debt has been built up during good times and there is no possibility that this
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January 5th, 2009 by Egon von Greyerz
2009 – A YEAR OF MONEY PRINTING,
INFLATION AND FINANCIAL TURMOIL
by Egon von Greyerz
In our December 2007 report we forecast “a major recession or depression for the world economy in the coming years” as well as “serious problems in the world’s financial markets with the banking system fighting for survival.”
Sadly this has all come to pass but the trends that started in 2008 are only the very beginning of a major change of trend that will dominate the world economy for many years. It will be devastating and life changing for most of us but there are ways of easing the pain by taking the right decisions which we will discuss
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Gold gains against all major currencies in Q1 2009
April 9th, 2009 by Egon von GreyerzGold 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 2009. In spite of being well off the highs for the quarter gold still showed an excellent return.
But even more importantly the Dow Jones declined 17% against gold in the first quarter with similar falls for most major stock markets against gold.
In the last four years, since the beginning of 2005, gold has gained over 75% against the dollar, 100% against the Euro and 170% against the pound whilst the Dow has lost 62% against Gold in the same period.
Not
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