NEGATIVE RATES ARE KILLING THE WORLD

NEGATIVE RATES ARE KILLING THE WORLD by Egon von Greyerz for Gold Switzerland

“BREXIT, is in the last innings, UK will get out – This is how Egon von Greyerz starts the interview with Eric King of King World News. Egon goes on to say that in the long run the EU will dissolve, country after country, until it finally collapses under its own weight.

Egon further expresses his concerns about the FED’s emergency liquidity intervention, which has resulted in the relaunch of QE. Banking pressures are not only limited to the US, it’s a global phenomenon. Looking at Europe, German, French and Italian Banks have been extremely fragile for a very long time. 

Besides that:

  • The Paper shufflers: Gold ETF holdings have spiked with virtually no physical demand.
  • In the long run gold fundamentals know only one way: UP.
  • Gold has broken its 2011 highs in virtually every single currency. $ 2’000, $ 3’000 and $ 5’000 are just starting numbers.
  • Central banks support gold on a daily basis, by continuing to debase currencies.
  • People going to lose a major part of their wealth, caused by an implosion of bubble assets such as stocks, bonds and properties.
  • Shortages are starting: As indicated by Perth Mint’s Silver delays.
  • In this vicious debt cycle, central banks have only one option leftDebase currencies and create an inflationary nightmare.
  • Europe, Japan or America, they all must print unlimited money for the banking system to survive.
  • Negative rates are killing the world: No savings possible, only money printing and skyrocketing deficits are guaranteed.
  • It’s inevitable: A paradigm of overspending and living above your means will end.
  • Better get prepared: There is nothing governments can do, than to continue debasing currencies. Inevitably, gold will reflect that in a major way.

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Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.

Articles may be republished if full credits are given with a link to GoldSwitzerland.com.

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Egon von Greyerz

Founder and Managing Partner of Matterhorn Asset Management AG (MAM) and GoldSwitzerland, Egon Von Greyerz joined the board of Goldbroker.com in 2012. Egon von Greyerz started his working life in Geneva as a banker and thereafter spent 17 years as Finance Director and Executive Vice-Chairman of Dixons Group Plc. Since the 1990s EvG has been actively involved with financial investment activities including Mergers and Acquisitions and Asset allocation consultancy for private family funds. This led to the creation of MAM in 1998, an asset management company based on wealth preservation principles. EvG makes regular media appearances (CNBC, BBC...) and speaks at investment conferences around the world. EvG forecasted the current present problems in the world economy well over 10 years ago. In 2002 when gold was $300 per ounce, MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system.