NO GOING BACK TO “NORMAL” (Video)

NO GOING BACK TO “NORMAL” Video by Egon von Greyerz

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In this 12-minute MAM Chat, Egon von Greyerz and Matthew Piepenburg discuss the current and popular topic of an eventual “return to normal” once COVID conditions are eventually behind us, ideally upon the attainment of an effective vaccine/treatment protocol. The irony, of course, is that there was nothing at all “normal” about financial conditions and desperate monetary policies pre-COVID, and certainly nothing “normal” in these same areas coming through and (out of) COVID going forward, as Matthew’s data points remind us.

Egon, in turn, discusses the signals emanating from the gold and silver markets throughout this COVID arc, which has seen a continued and steady tailwind for precious metals in the backdrop of the entirely abnormal yet ongoing currency devaluation policies of the major central banks. Despite expected pullbacks in price action, the clear trend is positive for precious metals, which sophisticated investors hold primarily for wealth preservation purposes.

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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.