Investor Talk, Released on 5/30/24

Precious metals rise, while the Dow Jones reaches a record high of 40,000 points. But the cracks are widening, with US consumers in particular coming under further pressure. A new financial crisis is becoming more and more likely and what if key interest rates are not lowered. Sooner or later, the Fed will lose power over interest rates if too many debt securities come onto the market. With this strong outlook for precious metals, demand in the West remains weak, but Russia and China are stocking up. The influx of Russian assets is boosting demand for gold from international central banks. Further demand for gold is emerging from asset managers who finally seem to recognize the danger and want to diversify into gold. Potentially huge demand will meet limited supply. Take further precautions in a dangerous global situation.

0:00 Intro
1:00 Gold and silver rise and the Dow Jones reaches 40,000 points
3:00 Fiat money still sustains the financial system, but big problems are looming
3:50 US consumers come under increasing stress, e.g. due to high debt and interest rates
5:00 The entire US financial system stands on feet of clay
6:10 US interest rates will remain high and even rise
8:00 A large part of demand is only based on credit that will not be repaid
9:40 What if US interest rates are not lowered?
11:30 Inflation will remain and continue to rise, the Fed will lose control of interest rates
13:15 The outlook for precious metals is getting stronger, but there is little buying in the West
14:00 Russia and China stock up on gold, China dumps US bonds
15:35 The seizure of Russian assets by the US increases central bank demand for gold
16:20 This demand can only be satisfied by much higher prices
17:20 Large asset managers are just getting into gold
18:10 Family offices manage more than hedge funds and private equity combined
19:45 Short selling by commercials weakens, pricing takes place in the East
20:45 Gold and silver receive little attention in the West, focus remains on equities
22:00 The share of gold in global financial assets is still very small, the movement is just beginning
24:10 Countries under pressure often wage war as a distraction

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.

  gold, investing, precious metals, silver