ITM Trading, Released on 4/8/20
Egon von Greyerz is founder and Managing Partner of 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.
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.
Lynette Zang & Egon von Greyerz discuss coronavirus, economy, stocks, precious metals added by Herman James on
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Lynette Zang holds her guns so to speak in regard to desperate governments will do desperate things in the event of a financial system reset where Gold will be a premiere asset in demand. In this regard Gold confiscation could be a reality. Egon feels that this will probably not occur as the system perhaps through digital performance can automatically collect enough fiat “cash” as in taxing the rich that it needs to continue. In my opinion if the real physical is absolutely needed in an internationally agreed financial reset then a government such as the U.S. will nationalize all internal Gold mines under Emergency Federal mandates as part of a Gold confiscation policy giving it guaranteed Gold reserves at least at some level. The collection of privately owned gold would also be a avenue but would be much more difficult to perform. However through paper as well as electronic trails it may proceed in this area…however it would require many man hours from federal agents working in this area.Low success rates may hinder this avenue of gold confiscation.