Investor Talk, Released on 7/28/25

The US stock markets remain highly valued, most recently driven by a trade deal between the US and Japan. But Trump seems to see a danger and is demanding that the Fed cut interest rates to 1%. Who would still buy US bonds at this rate? On the other hand, this flood of money could further support certain bubble assets, but history teaches us that gold is hard to beat in this regard. Since 1980, US interest expenditure has increased 11-fold and could rise to $10 trillion per year in the coming years, accompanied by rising interest rates. Gold is becoming increasingly important. Russia is opening a new gold trading platform in St. Petersburg and will not bow to Trump’s ultimatum. Silver remains promising and should significantly outperform gold. Nevertheless, your preparations should not focus solely on the financial sector.

0:00 Intro
2:00 Trump plays the markets while the ultimatum fades into the background
3:15 Stock valuations have nothing to do with reality
4:00 Trump demands interest rates of 1%!
5:30 No one will lend money to the US at 1%
7:00 Crypto as a substitute for the dollar will not work
9:30 Gold and silver are holding up well!
10:00 Political influence is damaging the Fed
11:00 Market support through money printing will not beat gold
13:00 Shangri-La will not last forever!
13:50 Gold will beat other asset classes
15:20 Since 1980, US interest expenses have increased 11-fold
18:20 Russia will ignore the ultimatum
20:00 The high risks require more than just financial preparation
22:15 Russia opens a new gold trading platform and moves further away from the dollar
24:00 Follow the money, the only lasting money in history, gold
25:40 Silver appears very promising
27:00 Japan’s largest gold dealer makes it difficult to withdraw gold

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.

  dollar, Fed, gold, hyperinflation, silver, Trump