World To Witness Frightening & Historic Wealth Destruction
February 28, 2014
On the heels of of the US Dollar Index breaking the key psychological level of 80, today Egon von Greyerz warned King World News that the world is going to see frightening and historic wealth destruction in coming years. Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also included three fantastic charts to go along with his exclusive KWN piece.
By Egon von Greyerz Founder Matterhorn Asset Management
February 28 (King World News) – AU = QE
“Yes, gold will continue to reflect the printing of money by Central Banks worldwide just as it has throughout history. Gold will always reveal the inevitable consequences of governments’ mismanagement of the economy. There are numerous examples of this in history. As the decadent Roman Empire started to crumble, laden with debt, their currency – the Denarius – went from virtually 100% silver content to 0%. That took almost exactly 100 years between 190 AD and 290 AD…..