Interviews

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.

In this interview Egon von Greyerz answers viewer questions. Gold continues to correct, but mining shares send positive signals. China and Russia are buying a lot of gold and their power is growing. Do they even have 100,000 tons of gold each? A well-connected author asserts this. Digital currencies are mentioned more and more often, but what are they really?

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.

You have seen this year incredible money creation around the world by central banks along with the massive debt increases. We are now entering into the exponential phase of this financial system. We are seeing unlimited money printing, helicopter money like Ben Bernanke called it. Then we are going to see accelerated debasement of the currency. The real moves in gold and silver haven’t started yet.

The main factor is the distrust of currencies; central banks are running their money printing presses at full speed, whereas with the recession due to the coronavirus, the production of real goods is falling. In this case, what is money worth? What are the major currencies, the dollar, the euro, the yen, the yuan, worth? Investors refer to gold, the ancient currency, the currency of trust, which nobody can print.

The ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the 1930s seem small.

Hyperinflation is inevitable, and gold and silver remain the best proven safe haven investments in this environment. Are you prepared for the financial devastation that lies ahead?

This interview starts by Lynette reminding her audience of Egon’s view that financial and economic risk in the world was getting uncomfortably high already 20 years ago.

Mine closures and selling restrictions are causing shortages of precious metals in the retail sector, but ETFs are experiencing large inflows of funds. Where do they get the gold, if at all?

In this Interview with Greg Hunter, Egon von Greyerz says the signs abound that we are nearing the end of this global fiat money experiment.