ALERT: Legend Warns This Will Be The Worst Crisis The World Has Ever Experienced
KingWorldNews.com
January 16, 2016
On the heels of more carnage in global markets to start the new year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned this will be the worst crisis the world has ever experienced.
By Egon von Greyerz, Founder of Matterhorn Asset Management
January 17 (King World News) – The Worst Crisis The World Has Ever Experienced
Very few problems start in the centre. Instead trouble normally starts in the periphery. When an empire falls, it is normally the furthest away provinces where trouble starts. It seems insignificant at the time and therefore is ignored by the rulers. Eventually the problem reaches the centre but then it is too late to do anything about it…
Egon von Greyerz continues: And this is exactly what we will see in the gold market. Gold is currently strengthening against most currencies, commodities and other asset classes. Probably starting in 2016, gold will also rise against the US dollar. More accurately all currencies will compete in the race to the bottom. The real value of gold virtually never moves. It has maintained its purchasing power for 1000s of years.
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