US Debt & Liabilities Set To Increase A Staggering $70 Trillion
December 21, 2012
Today Egon von Greyerz spoke with King World News about what the world is facing going forward as well as the recent turbulent action in the gold and silver markets. Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say: “If we look at the gold market, Eric, it’s interesting that Japanese pension funds are now actually starting to invest in gold. And some of them are putting 1.5% to 3% of their assets in gold. This is totally new.”
Egon von Greyerz continues:
“Actually, institutional investment into gold, currently, is only about 0.3%. So we are talking about Japanese funds putting 1.5% to 3% or five to ten times as much (into gold) as the world average.
I’m convinced that in the next few years institutions will put a part of their assets into gold because they have to protect their assets against the inflation we will be experiencing….