Palisades Gold Radio, Released on 2/4/21

0:00​ – Intro
0:36​ – Dollar Purchasing Value
11:00​ – Biden/Yellen Dream Team
12:45​ – Inflation & Deflation
17:30​ – Too Much… Is Toxic?
19:17​ – Paper Gold & Price
22:00​ – Manipulation
25:11​ – Fake Gold & Silver
28:59​ – Reddit David Vs. Goliath
33:50​ – Silver Catalyst & Trends
33:55​ – Best Things in Life
38:02​ – Wrap Up

Talking Points From This Episode
– Currencies in a race to the bottom.
– Inflation and government solving debt with more debt.
– Paper gold and manipulation.

Egon discusses the race to the bottom trend with the dollar and every other currency. The Biden/Yellen dream team will continue to print unlimited amounts of money, and he expects the debt to accrue far beyond 40 trillion over the next four years. He says, “The inevitable trend with currency is down, but there will be volatility along the way.”

The reality is that debt destroys long-term growth, but governments believe that you can “solve” debt with more debt. However, you can’t live above your means forever. This era will end with hyperinflation and collapsing currencies. Today’s inflation metrics are a con and don’t reflect reality. We are starting to see inflation in commodity prices and food.

Egon cautions that you have to be patient because inflation and collapse will take longer than you might expect. We will have a combination of inflation and deflation, and the most important thing is for people to protect themselves from these forces. Some assets, in real terms, will become relatively cheap. He expects the Dow to gold ratio to reach or even exceed 1 to 1. “When hyperinflation kicks in, it can happen very quickly.”

Paper gold is traded by the banks at massive multiples to annual production every day. This vast amount of trading and gold swaps is 99% paper and is done to keep the gold price down. No sane trader would sell millions of gold ounces in a short period, but this happens regularly.

He explains the forces that are arrayed against those like WallStreetBets who want to fight the system. Egon argues that the system has unlimited resources with which to oppose such activity. He is skeptical that a raid on silver will accomplish anything, but people will come to understand that paper is worthless in the long run.

Egon von Greyerz is founder and Managing Partner of 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, manipulation, silver