Gold Switzerland, Released on 12/18/20 (Recorded on 12/16/20)
In this latest (12 minute) MAM-Chat, Egon von Greyerz and Matthew Piepenburg follow the trail from debt disasters and corporate bond bubbles to Bitcoin speculation vs. physical gold as the only true instrument of wealth preservation.
Egon opens with the omni-important and omni present topic of global debt risk. Such evolving risk, in fact, is what prompted Egon to form Matterhorn Asset Management.
Matt addresses the particulars of corporate debt, rising risk metrics and “zombie corporations” surviving exclusively on credit yet achieving no earnings. In short: corporate bonds are dangerously fragile. The ultimate wave of loan defaults and business foreclosures foreseen by credit experts suggests a shock to the securities market as inevitable rather than plausible.
Tanking markets, economies and enterprises, of course, means further (and desperate) money creation and hence mathematically assured inflation, currency debasement, rising market anxiety and a search for real money alternatives to increasingly distrusted fiat currencies.
Toward this end, Egon distinguishes physical gold from crypto currencies like Bitcoin as the obvious instrument (and choice) for genuine wealth preservation.
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.