Greyerz – Two Absolutely Incredible & Key Gold Charts
October 26, 2012
Today Egon von Greyerz sent two incredibly important and extremely key gold charts exclusively to King World News. Greyerz, who is founder and managing partner at Matterhorn Asset Management, also spoke with KWN about these key charts and their importance in the gold market going forward.”
But first, Greyerz had to say: “What I am focusing on is the economy is deteriorating everywhere, in Europe and in the US. I just saw some very interesting statistics, the US hourly earnings are down, in real terms, against gold they are down 90% since 1971, and down 81% since 2001.”
Egon von Greyerz continues:
“So hourly earnings in the US are just collapsing. We see (government reports of) unemployment figures going down, which is ridiculous. Of course they are not going down. The government is showing the figures they want, of 8%, when the actual unemployment is 23%.
But people are continuously worse off in the US….