Investor Talk, Released on 8/22/24

At 2,500 dollars, the price of gold has reached a new nominal record high, but there is still no euphoria. The reasons for the rise are complex and are intensifying. The US stock market is still being held at lofty heights, but it is becoming increasingly vulnerable, especially technology stocks. It is now of utmost importance to prepare for the inevitable storm with precious metals. So far, central banks continue to be strong buyers. According to Egon von Greyerz, the era of endless money printing is ending with a bang. The nominally high gold price should not obscure the fact that in real terms it has by no means reached a high. Silver remains very promising, but should be weighted lower than gold to protect assets. Falling real wages in many countries argue in favor of buying precious metals in the near future, as this problem will become more acute.

0:00 Intro
2:30 Gold reaches a new record high without euphoria
3:30 The flight from bubble assets is not here yet, but it will come
4:10 Social upheavals, as recently in the UK, can explode quickly
5:50 The migration crisis leads to more division and decline
7:45 It’s getting harder and harder to keep US stocks up
9:30 Short-term data becomes useless as a great era ends
10:40 Banks and governments will not pay debts
11:50 Tech stocks are at high risk of crashing
13:00 Prepare now and don’t wait for the collapse
14:30 US yields remain high and will continue to rise despite rate cuts
16:00 The FED will be the only bond buyer, the Ponzi scheme will fail
17:50 Stocks, especially tech stocks, face huge losses
18:45 Central banks continue to stockpile gold
21:40 Besides gold, silver also looks very promising
23:40 Adjusted for inflation, gold is still nowhere near its 1980 high
25:40 Real wages are falling for average earners in Western countries, buy gold and silver now

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, precious metals, silver