Offer & Supply

Right now, the price of gold is relatively cheap compared to the current money supply. And the price of silver is ridiculously cheap compared to gold. Again, silver has never been cheaper in 5,000 years.

In this interview Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of the Coronavirus and the coming economic depression will change the world forever. We are now going towards a hyperinflationary depression that will eventually lead to a deflationary depression.

To test the value of the printed money, I suggest that the Fed prints $9.5 trillion and buys all the gold in the world, including jewellery, of 170,000 tonnes at the current price of $55.6 million per tonne. If they don’t understand what will happen, I can tell them. They would have real problems...

Scotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.

The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.

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.

That the world economy for the last 100 years was totally dependent on credit and printed money is not a new miracle paradigm but a the sign of diseased system. Issuing fake money at zero cost always had to end badly.

Bank of America raised its 18-month gold-price target to $3,000 an ounce, in a report titled “The Fed can’t print gold.”

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?

Gold exports from Switzerland to the U.S. soared in March as American investors rushed to buy bullion amid the virus-driven panic.