I often hear complaints that gold is a useless investment since it doesn’t go up fast enough. Bitcoin and Tesla are much more exciting so why should an investor hold gold – an incredibly dull investment for the majority of people. If I tell investors that it is absolutely critical to hold gold for wealth preservation purposes as the world financial system is the biggest bubble in history, most would ignore or ridicule me. And if I tell them that the dollar and most currencies are down 97-99% since 1971 against gold and down 85% since 2000, they would yawn. They are only interested in their nominal stock market gains not understanding that they have gained nothing in real terms.

With pressures on stocks and bonds, the precious metals are falling in sympathy as often is the case at the beginning of falling markets. I have been stating for 20 years, that fundamentally gold and silver are in a very strong uptrend, supported totally by central bank’s destruction of paper money. Within major uptrends, there are always corrections and some are vicious.

Egon von Greyerz and Matthew Piepenburg discuss the critical relationship between rising gold prices and negative real (inflation-adjusted) yields. Throughout the 20th century, whenever the rate of CPI inflation grossly outpaced Treasury yields, gold’s price saw dramatic climbs.

The secular bull market in stocks is very likely to finish in 2021. This turn could be at any time. Just like in 2000, it will all happen very quickly and this time it will be the start of a very long and vicious secular bear market. Real assets like gold, silver and platinum will be investors’ life insurance. To hang on to stocks and bonds will totally destroy your wealth and your health.

When a world already in trouble was hit by a severe financial crisis in September 2019, the dose of debt was already excessive. But as the Fed and the ECB opened the money spigots fully, they filled the world with poisoned or fake money. The BY team (Biden & Yellen) will now be certain to finish this process with their profligate spending plans.

Central banks will remain the best friend to precious metals, as the more fiat money they desperately create to “accommodate” broken debt markets, the greater the currency debasement and hence the more inevitable the price moves north in both gold and silver.

Egon discusses the declining purchasing power of the USD, the inevitable money creation foreseen by the Biden/Yellen duo, the interplay of inflationary and deflationary forces and the clear warning that too much debt and monetary support of the same, like too much of anything, is a toxic plan which never ends well.

Egon von Greyerz and Matthew Piepenburg discuss the “great inflation debate” and the ongoing as well as open secret of price manipulation in the paper gold & silver markets.

Egon von Greyerz discusses the impossibility of fair pricing in a distorted precious metals market with Max Keiser, of the Keiser Report.

As the price of the precious metals increase, there will be many new gold and silver “factories” popping up in China and many other countries in Asia. This will create a major supply of fake gold and silver from all parts of the world. These fake products will be distributed via the internet and also flood the retail market in many countries and be a real poison for buyers of precious metals. So dealing with reputable companies is a Sine Qua Non!

Even though gold has yielded an excellent return, it is what happens to the Dow/Gold ratio in the future that determines if investors should stay with stocks or hold gold.

If president Biden wants to save the US economy, his first measure should not be to print $trillions of worthless new money but instead tell his secretary of the treasury Janet Yellen to withdraw all debased currency from circulation just as Aristophanes suggested in 405BC, Copernicus in 1517 and Gresham in 1560.

The state of the world necessitates holding gold as life insurance. Whether gold reaches $2,000, $20,000 or $200 trillion has nothing to do with the value of gold but all to do with a bankrupt financial system and worthless fiat currencies.

Gold and silver continue to be in correction mode. What caused the slump last Friday? Deception before the impending chaos in the U.S.? The correction is an opportunity, because the collapse can only be delayed with more trillions. Central banks inflate balance sheets and money supply, risks are neglected. In the environment, food prices are rising worldwide, exacerbating the plight of many people.

Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.

Egon von Greyerz, Ronnie Stoeferle and Grant Williams discuss debt, inflation, “re-sets,” Bitcoin and thoughts on 2021. Looking forward, each share insights on: continued wealth disparity, the disconnect between rising markets and tanking economic conditions, vaccine hopes, capitalism’s “death” at the hands of central-bank-driven distortions, rate moves, market direction and, of course, the undeniable role of gold.

Neither journalists, nor investors understand that gold doesn’t go up at all. Since gold represents constant purchasing power, it is not gold that goes up but the value of paper money that goes down.

Egon von Greyerz and Matthew Piepenburg follow the trail from debt disasters and corporate bond bubbles to Bitcoin speculation vs. physical gold as the only true instrument of wealth preservation. Egon opens with the omni-important and omni present topic of global debt risk.

The reasons for recommending gold as the ultimate form of wealth preservation cannot be fulfilled by Bitcoin. I have stated many times that BTC could be a spectacular investment and go to $1 million as for example Raoul Pal (RealVision) advocates. On the other hand, in my view, BTC could go to zero if central banks ban it as they introduce their own digital currencies. Since BTC is not backed by any asset or any central bank it would be worthless if it was banned.

What ordinary investors don’t realise is that they will in the next few years be ambushed by what to them is an invisible enemy. This will initially involve total debasement of the currency, whether it is dollars, euros, pounds or yen. No they can’t all go down together against each other. But they will all go down in real terms. Real terms means measured in the only money which has survived in history – GOLD.