“GOLD STANDS PROUD AS MARKETS, BANKS AND CURRENCIES LIMP TOWARD AN INFLATIONARY CLIFF”
In this first of many MAM Chats to come, Egon introduces Matthew Piepenburg, who recently joined MAM after many years as a hedge fund manager, investor, family office executive and best-selling author of Rigged to Fail.
In this brief discussion, Matt and Egon draw from their collective backgrounds to share ideas on the natural evolution from traditional risk (bubble) assets (i.e. stocks and bonds) toward precious metals as common-sense approaches to insuring against both currency and banking risk.
Toward this end, Matt draws from his own background to describe what he describes as unacceptable risks in credit and equity markets (PE ratios, negative yielding bonds, massive central bank balance sheets etc.) leading to a shared and increased conviction in precious metal investing.
He and Egon further discuss rising indicators of systemic risk, banking risk, and of course, inflation risk and the great inflation-deflation debate as it relates to declining purchasing power and hence gold/silver as a natural antidote to the destruction of paper money.