2013 – Financial Destruction & How Gold & Silver Will Perform
December 28, 2012
Today Egon von Greyerz spoke with King World News about the financial destruction that investors will witness in 2013 and in coming years, and how gold and silver will fare in this incredibly volatile environment. Here is what Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say: “Eric, 2012 was a tough year for some investors since gold has not really done much in dollar terms. Gold is also only up a bit in other currencies, and silver has done slightly better, being up around 7% in dollar terms, and a little better in euros.”
Egon von Greyerz continues:
“But this is a time not to focus on the short-term, but rather investors should instead be looking at 2013 and beyond. I’ve stressed time and time again that the link between money printing and the gold price is what people should be keeping an eye on.
I think that link will be even more pronounced in coming years, starting in 2013….