Savings

In this interview with Chris Waltzek of GoldSeek Radio, Egon von Greyerz, covers a wide swath of global financial issues—from inflated asset bubbles and macro inflationary forces (and hence declining currency power) to stressed pension funds, fantasy CBDCs and unsustainable debt levels. All of th...

The debate about central bank losses (which applies not only to the eurozone but to many countries in the West) shows us more than ever how much our system of unlimited debt is suffering. A new paradigm must be opened as soon as possible, where money creation would be rethought in depth to truly...

For at least half a century, the world has been in a process of self-destruction. As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.

Gold is still very high relative to rates, probably because of the US fiscal risk and new inflationary expectations. This strength is also explained by the worsening geopolitical context and the stalemate in the Ukraine. Any threat of new sanctions now acts as a support for the price of gold.

Savers are not the only ones who have become poorer in the last two decades. Companies have also experienced a shortfall compared to the gold prices rise. If these companies had invested even a small part of their cash flow in gold, it would have greatly improved their financial situation...

Gold was a far more loyal asset than stocks and bonds in the turbulent times of 2022; and given that 2023 portends to be even worse, we can expect better loyalty from this so-called “barbarous relic” of the past.

We are experiencing a 2008 crisis in reverse. In 2008, the risk came from the banks and spread to households and businesses. The government intervened to restore the stability of the entire system. Today, the risk comes from the State. It is the government that has to ensure the survival of busin...

Regardless of the extent of the economic slowdown, and the extent of future demand, metal supply is being revised downwards in most markets. Forecasts for 2023 suggest that inventory levels will not follow the usual intrinsic demand cycle. Indeed, we are already seeing real "runs" in some markets...

As the hegemony of the US is coming to an end, the dominance of the decadent West is moving quickly to the East and South. Commodity based countries like the enlarged BRICS will dominate for the next few decades and probably longer. Oil and gas will form the base of this shift but also many other...

A closer look reveals beyond doubt that, contrary to a multitude of reports and prejudices spread by the media, gold can already be classified as a very sustainable investment in the sense of the ESG guidelines. And the entire industry is making great efforts to eliminate the remaining blemishes.