Investor Talk, Released on 3/22/25

Gold reflects the stress in the global financial system. Whether the US gold reserves are pledged is not the primary question for Egon von Greyerz, but whether they exist at all. China is plagued by deflationary tendencies and both the state and its citizens are continuing to stockpile gold. Should a war economy be used to support the economy and financial system for a while longer? Hyperinflation seems inevitable in the face of the looming credit collapse and staying in the stock market could prove to be a costly mistake. Basel 3 comes into force on July 1, 2025 and raises gold to the level of first-class assets. Banks will be particularly affected by the impending crash of bubble assets, so they could also be among the current gold buyers. Proper safekeeping of precious metals is important, preferably in countries with a tradition in the gold business and a long history as a constitutional state.

0:00 Intro
1:00 The credit system collapses
2:30 Are the US gold reserves pledged?
4:00 It depends on whether the US gold is there at all
7:30 Deflation in China as a precursor to extreme monetary expansion?
8:55 War financing against the economic downturn
11:00 Credit collapse leads to hyperinflation as bubble assets fall
13:00 Gold and silver maintain purchasing power, paper money decays
13:45 Dow-to-gold ratio falls and could go below 0.5
16:50 Basel 3 changes a lot for banks as gold is considered a prime asset
18:00 Basel 3 as a threat to LBMA and Comex?
20:00 BRICS will continue to buy gold
21:00 The bear market of bubble assets has not started yet
22:00 Gold should be held physically, in private vaults and safe countries
23:00 Switzerland’s history as a gold trading center and constitutional state is unique

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, market crash