Gold, Money, China & Frightening Worldwide Destruction
November 29, 2013
On the heels of global stock markets remaining strong, today the 42-year market veteran who correctly predicted that the Fed would not taper has just written the following incredibly powerful piece for King World News discussing gold, money, China & frightening worldwide destruction. Below is the tremendous and exclusive KWN piece from Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.
By Egon von Greyerz Founder Matterhorn Asset Management
November 30 (King World News) –
Most investors measure return on investment in their own currency. This is totally natural but does not tell them what is actually happening in real terms. When I started my working life in Switzerland in the late 1960s, $1 was worth CHF 4.30 (CHF means Swiss Francs). So Americans with their mighty dollar could travel around Europe on $5 a day (as the guide book said at the time). Today you will not get a cup of coffee in Switzerland for $5….