Greyerz – $17,200 Gold And The End Of An Era

Sunday, November 4, 2018
By Paul Martin
November 04, 2018

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, spoke with King World News about the end of an era and the road to $17,200 gold.

The Meltdown Of The Fake World
November 4 (King World News) – Egon von Greyerz: In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has gotten lost. With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real. But the imminent secular downturn of debt and asset markets as well as the world economy will reveal how unreal these profits were as 90% or more of all the paper wealth in the world will go up in smoke. So investors should now prepare for the biggest wealth destruction in history and also the biggest wealth transfer….

Egon von Greyerz continues: “Gold is not an investment, it is the only money that has ever survived throughout history. So anyone who just buys gold to make speculative profits does not understand the significance of gold. For 5000 years gold has been a medium of exchange and a store of value. These attributes are unlikely to change in the foreseeable future as it is a tradition based on sound values and principles which has lasted for millennia.

The Rest…HERE

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