Greyerz – Silver To Surge 433% From Current Levels
September 14, 2012
Today Egon von Greyerz told King World News that silver is going to surge a remarkable 433% from current levels. Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said the move in silver could take place, “… in the next twelve months.”
Here is what Greyerz had to say: “Gold is now up 13% this year after having been up 19% compound annual growth in the last ten years. Gold is going up every year, paper money has been going down, and that will continue because of the amount of money printed.”
Egon von Greyerz continues:
“I’ve been saying gold and silver, due to the fundamental and the technical factors, will go up dramatically, especially into this autumn and next year. So this would have happened anyway, with or without QE. The QE was just a catalyst. It had to happen, and it will continue to happen, whatever the politicians say or do.
So the targets of this move, before we have a major correction, are still $4,000 to $5,000 on gold, and $150 (a surge of 433%) on silver…..