Coming Soon: $10 Trillion Of Yearly QE & Fantastic Gold Chart
February 23, 2013
Today Egon von Greyerz stunned King World News when he stated that the Fed may increase QE a shocking ten times in coming years. Greyerz, founder of Matterhorn Asset Management, alos provided a tremendous chart. Here is what Greyerz had to say in this remarkable and exclusive interview: “Eric, as we discussed last week I was expecting gold to make a low this week. So far we had a closing low on Wednesday at around $1,564. We will see if that holds. As always, in these cases where we have some kind of cycle low there is always price action that cements that low. ”
Egon von Greyerz continues:
“First of all, every day around the open or just before the open we have seen on the NYMEX the price of gold has been pushed down, which is clear paper manipulation of the price. Then, of course the Fed minutes came out with some of the members saying that the Fed should stop QE. Well, in my view that is absolute nonsense.
It’s not possible to stop QE with a federal debt of $220 trillion, including unfunded liabilities….