Savings

The economy is being hit hard by the coronavirus pandemic, the risk of recession is looming, and now the central banks are rushing in like a white knight!

In the short and medium term, the value of stocks, bonds and currencies should undergo a violent readjustment due to the explosion of the debt bubble, hang on to your precious metals, which conversely will be very strongly revalued upwards.

I have been standing on a soap-box for almost 20 years endeavouring to explain the virtues of gold for wealth preservation purposes. Only a very small group has understood. The great majority will sadly learn their lesson the hard way.

Not content to have surpassed its all-time high from October 4, 2012 to the end of August, the euro-denominated ounce of gold has again made its mark.

In this insightful interview, Max Keiser and Egon von Greyerz talk about the 2010s as a decade of fantasy and decadence. The Dow/Gold ratio has now turned down and will crash 95% according to Egon. That takes the ratio back to a 1 to 1 level where it was in 1980 when the Dow was 850 and gold was $85...

There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century.

Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cycle, and it gives would be investors in the sector more time to position themselves.

Here is a further illustration of the damage that zero rates cause to retail banking, in France and around the world. In 2000, when the Sino-British banking mastodon HSBC wanted to buy Crédit Commercial de France (CCF), it was in competition with the Dutch ING and had to put 11 billion euros on the...

The Gold/Silver ratio is doing exactly what you would want it to do if we're about to see a meaningful bull move at this stage.

In this interview with Shae Russell of Rock Stock Insider, Egon explains why he already back in 2002 considered that to hold up to 50% of financial assets in physical gold was motivated.