Savings

As indicated in my article of September 25, during a bull market, there are systematic corrections of the order of -20% on gold and -30% on silver. Since peaking at just over $2000 per ounce at the end of July, gold has corrected by -14%.

Gold would obviously be life saving during the hyperinflation but also be the only form of real money during the deflationary implosion as fiat money in the system disappears or becomes inaccessible.

As can be seen, public debt is found in the accounts of the ECB, either directly (by acquisition) or indirectly (as a guarantee of liquidity lent to banks). The snake bites its tail, the public deficit is financed almost entirely by the central bank: the money supply explodes, the spectre of infl...

Egon discusses the signals emanating from the gold and silver markets throughout this COVID arc, which has seen a continued and steady tailwind for precious metals in the backdrop of the entirely abnormal yet ongoing currency devaluation policies of the major central banks. Despite expected pullb...

Is the French budgetary situation recoverable? Les Echos tells us that in 2020 and in 2121, the government will be financed as much by debt as by taxes, and the amount of debt issuances will be as high as tax revenues.

Strong growth in global investment demand for gold in Q3 partly offset weakness elsewhere as COVID-19 remained in the driving seat.

Governments can limit the number of bankruptcies by distributing money to companies and paying unemployed workers, with euros printed by the European Central Bank, but this "sovietization" of the economy only postpones the deadline, and it can also lead to a wave of hyperinflation that would ruin...

The world will experience a LIFTOFF in markets of gigantic proportions. This will be the grand finale of this financial era. It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets. Most investment assets...

The history of gold bull markets (1971–80 and 1999–2011) shows that the most powerful gains come toward the end of the bull market, not at the beginning.

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 currenc...