“Major Shortage Of Physical Gold” Has Fed Greatly Concerned
September 17, 2013
As the world awaits the Fed’s decision, today a 42-year market veteran told King World News there will be no tapering and that the gold will soar “after the Fed has surprised the market tomorrow.” Greyerz also warned KWN that to further complicate matters for the Fed, there is a “major shortage of physical gold” ahead of their decision. Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say.
Greyerz: “Eric, it is important to consider what the truly important factors are that will determine what will happen to the world, its people, and to the global economy. If we look around, what do we find? We find a world that is financially, politically, and morally bankrupt.
This is a world that is feeding on ever-increasing debt and money printing. Just look at the G-7 debt….