The Current Level Of Physical Gold Being Traded Is Shocking
May 31, 2013
Today Egon von Greyerz gave King World News one of his most powerful interviews ever. Greyerz spoke about the frightening reality of what is really taking place with countries around the globe. He also discussed the physical gold market and said that the current level of physical trading is “incredible.” Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this remarkable interview.
Greyerz: “Eric, the world already hit a massive iceberg back in 2008, and it’s been sinking slowly ever since. The fact that money has been pumped into the system around the globe has meant that the sinking is going more slowly than it otherwise would have.
Of course this money printing will have no positive long-term effect or benefit whatsoever since printed money is worthless and can never add any value. But it’s making the process slow and painful for the world. People are in total denial, the band is still playing and the people are still dancing on the ship.
Just look at the world economy. Japan is a disaster case with astronomical debt and zero interest rates. They will not survive. In Europe we have so many basket cases which have no chance of survival. Take Spain, Portugal, Italy, Greece, France, the UK, they are all totally bankrupt economies….