Investor Talk, Released on 4/18/24

The global situation is tense in many respects, but so far there has been hardly any gold buying by investors. Central banks and BRICS continue to buy. Gold is now rising in all currencies and the previous negative correlation with the dollar appears to have been reversed. The USA is heading for an interest burden of 1.6 trillion dollars by the end of the year. According to David Rogers Webb, anyone in the market with securities held in collective safe custody could be in for a nasty surprise, as they do not own the securities directly, but only have claims on them. If the house of cards falls, huge sums will flee into gold, because it is the narrow tip of the inverted external pyramid. Many investors will hope for futile recoveries and suffer huge losses. Take precautions now with assets outside the banking system.

0:00 Intro
2:10 Despite dangerous world situation, private gold investments are still low, BRICS and central banks are buying
3:20 Don’t wait for corrections in gold, better to be in now
4:20 Gold continues to move strongly upwards without any euphoria
5:30 Gold rises in all currencies, dollar strength no longer plays a role
6:45 History is undisputed, only gold has ever survived as a currency
8:15 Governments will never advise gold ownership, they are destroying paper money
9:40 Gold supply is limited, higher demand can only be met by the price
11:15 The US could soon be paying $1.6 trillion a year in interest on government debt
12:45 Are securities in collective custody safe? David Rogers Webb says no
14:10 The value of the claim on a security is questionable in an emergency
15:00 The official derivatives volume of $600 trillion is six times the world’s GDP
16:15 Your money in a bank account is only a claim against the bank
17:55 According to Webb, securities serve to prop up the gigantic derivatives complex
18:55 As assets collapse, more and more money will flee into gold
20:30 If counterparties default, the system breaks
22:10 Wealth preservation assets should be held outside the banking system
23:10 The mass of investors will stay in traditional assets and suffer huge losses
24:30 Armstrong does not share Webb’s concerns, but great caution is warranted
25:30 Wealth preservation is now more important than risky share price gains

Egon von Greyerz is founder and Managing Partner of Von Greyerz (formerly Matterhorn Asset Management AG & GoldSwitzerland). Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on wealth preservation principles. MAM is part of the Aquila Group, Switzerland’s largest independent asset management group. Von Greyerz makes regular media appearances on CNBC, BBC, etc. and publishes articles on the world economy and wealth preservation.

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