Banks

As global central banks’ balance sheets are exploding, with disastrous consequences, the Swiss National Bank (SNB) stands out as the “biggest hedge fund” and speculator in the world. Its balance sheet is over $1 trillion or 136% of Swiss GDP. The Fed balance sheet is 35% of US GDP.

In this interview, Egon von Greyerz speaks to Tom Bodrovics from Palisade Radio about the cyclical and repetitive nature of the current economic situation and shares his concerns about increasing debt and central banks’ response.

As demand for gold increases, silver demand will grow substantially as we have seen in 2020. Silver has always been seen as the poor man’s gold and as gold prices will become too expensive for many investors, they will instead buy silver.

Perhaps we will return to the gold standard... Will it then be necessary to bring back gold in exchange for banknotes? No, we won't be fooled twice. We'll have to keep our gold, we'll have to maintain, at least in part, its decentralized form to preserve its value, and to guarantee our freedom.

With gold and silver prices correcting, as they have been doing for several weeks, I like to reread this article by American analyst, Lyn Alden, which explains the four fundamental reasons to continue to own gold in 2020.

Egon von Greyerz and Matthew Piepenburg discuss the cold math of global debt and declining GDP. Given such facts, they address and explain the growing disconnect between a faltering global economy and central bank supported markets. Matthew and Egon then exchange thoughts on how it all ends.

Are we witnessing a movement of European bank mergers? Rumors have been circulating for several years about a merger between Commerzbank and Deutsche Bank or with BNP Paribas, between Société Générale and Unicredit, but nothing has happened so far. But lately several mergers have taken place.

With Election Day just five weeks away, investors are growing increasingly fearful of a contested presidential election—and UBS is the latest Wall Street firm to warn about increased stock market volatility telling clients to buy safe-haven assets like gold.

JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter.

Investments in precious metals by Russian banks increased in August, reaching almost $7.4 billion (568 billion rubles), data released by the country’s central bank (CBR) showed.