Investor Talk, Released on 3/21/24

Inflation is picking up again in the US, but so far there has been no rush into gold. The stock markets are at record highs and cryptos have also attracted large sums of money. Gold ETFs have been recording outflows for almost 4 years. Gold is being bought by the BRICS and central banks, not by the broad investor base. This market is still completely calm and shows no euphoria. The major stock indices are driven by a few stocks and insider selling is a warning sign. In the US, private and government debt continues to rise. In February 2024 alone, the US government recorded a deficit that was higher than the value of one year’s gold production. The escalating national debt will force the Fed to buy bonds and make the money worthless. As the debt grows, so does the risk of war.

0:00 Intro
1:10 Consumer prices and producer prices are rising again in the USA
3:25 Inflation and interest rates will remain high worldwide and continue to rise
4:40 ETFs see further gold outflows while gold rises
6:10 BRICS and central banks buy gold, not the broad investor base
6:50 Crypto ETFs have seen large inflows, but gold is still rising
9:00 The current gold price speaks for falling real interest rates again
10:00 Gold is now rising due to geopolitical and economic risks
11:40 Insiders sell large blocks of shares, including Bezos, Dimon, Walton family
12:50 Stock indices are driven by a few stocks and carry big risks
14:00 Many investors will miss the chance to exit and suffer big losses
15:10 So far there is no general precious metal rally, but a rally in gold
16:10 The fundamental change in the gold market is barely noticed
16:25 US credit card, mortgage, auto and government debt explode
17:45 The FED will have to buy US debt
18:30 The US deficit in February 2023 exceeds the value of one year’s gold production
20:10 With the unsustainability of debt, the risk of war increases
21:55 A war can create unlimited further debt
23:30 Huge risks now call for asset protection

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, inflation, precious metals, silver