Egon von Greyerz – X, Released on 12/12/24
Total global gold reserves allegedly held by CBs are valued at $3.1 trillion at the current market price. That value is absurd when one US company – Microsoft – has the same valuation. Just think about it: Microsoft is as big as the gold backing of the global financial system.!
— Egon von Greyerz (@GoldSwitzerland) December 12, 2024
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.
Egon von Greyerz: Microsoft is as big as the gold backing of the global financial system! added by Herman James on
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But gold is not backing the global financial system, regardless of what Mr. Greyerz desires.
… except, in their own words, the Rothschild-clan holds gold, land and fine art as their foundational wealth.
And we have the central banks around the planet buying up gold while their branch office, the JP Morgan gang, spoofs the market and holds the price down so they can more easily and stealthily gobble it up. So there is that.