GoldSwitzerland by VON GREYERZ, Released on 4/10/25

In this timely Gold Matters discussion, VON GREYERZ principals, Egon von Greyerz and Matthew Piepenburg, DISCUSS THE END OF A MONETARY ERA and offer perspective on the extreme market volatility unleashed by the ever-changing Trump Tariffs. The volatility in the markets (VIX past 55) in many ways resembles the volatility at the Trump White House, which Egon places into blunt perspective. Markets and global trade systems cannot fully absorb the magnitude of these measures, which, even since this recording, have flip-flopped after yet another dramatic Trump press conference. Such desperation and extremes in the backdrop of a global debt crisis and rising geopolitical tensions signal the end of a monetary and political era. Piepenburg and von Greyerz discuss how tariff measures are an obvious trigger—but by no means the actual cause—of these fluctuations. The more obvious and destructive forces at play stem from unprecedented and unsustainable US and global debt levels, which are vulnerable to any number of potential trigger points. Piepenburg discusses a series of liquidity failures which set the stage for a culminating crisis. Only more printed (and hence inflationary) liquidity can “save” an otherwise broken system, of which von Greyerz has consistently warned. In this backdrop, gold is more relevant now than ever. The ripple effects from these desperate debt levels and trade measures, as Egon reminds us, are and will be profoundly difficult for global governments, economies and citizens. And especially for those who have not prepared for and protected their wealth with precious metals. He foresees increasing social and economic unrest. But despite such dark horizons, we are reminded that genuine wealth rests in our family, friendships and individual passions. These key reminders, as well as a little culminating stage-prop humour at the end of the conversation, give this otherwise serious discussion some needed smiles.

Matthew Piepenburg began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001. Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the best protection against potential systemic risk led Matt to join Matterhorn Asset Management. Read Piepenburg’s writings here: https://goldswitzerland.com/author/ma…

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, market crash, Matthew Piepenburg, precious metals, tafiffs