Egon von Greyerz – On The Cusp Of The Biggest Financial And Economic Collapse In History

Monday, January 21, 2019
By Paul Martin
January 20, 2019

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 told King World News the current crisis may erupt into the biggest financial and economic collapse in history.

January 20 (King World News) – Egon von Greyerz: “What is a Goldbug? If we look at Wikipedia, they define it as “a person who is extremely bullish on the commodity gold as an investment and or a standard for measuring wealth …… goldbug can also be used as a pejorative.”…

Egon von Greyerz continues: “Investopedia states that “A gold bug is an individual who is very enthusiastic about gold as an investment and its prospects for significantly increasing in value.”

Finally the Free Dictionary defines goldbug as “1. A person, especially an economist or politician, who supports the gold standard or 2. a person who believes in buying gold bullion as a personal investment or 3. A gold beetle.”

Since less than 0.5% of world financial assets are in gold, most people neither hold gold, nor understand the purpose of gold. The people who understand the real value of gold could only agree with one of the definitions above – a goldbug is a gold beetle. There could be no argument about that clear definition.

The Rest…HERE

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