Here Is The Gold Market In One Fantastic Chart
December 7, 2012
After a week of choppy trading, King World News is pleased to share with its global readers a fantastic chart which sums up the gold market in one image. The chart was sent to us from Egon von Greyerz, founder of Matterhorn Asset Management in Switzerland. But first, here is what Greyerz said he is looking for in 2013: “In 2013 I see the dollar falling and stocks crashing. Initially investors will sell stocks and buy bonds. Then, as the bond market starts falling and interest rates go up, they will sell the bonds and go into cash.”
Egon von Greyerz continues:
“They will see that cash will not hold its value because of all of the money printing. Interest will surge, and they will go into physical gold. That will put enormous upward pressure on the gold price.
So bubble after bubble will burst….