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Wealth preservation through private gold & silver ownership

The combination of Eastern/Southern Central Bank gold buying and all CBS replacing their dollar reserves with gold will lead to unprecedented demand for gold for many years. More gold cannot satisfy this demand since the current gold mine production of around 3,000 tonnes cannot be increased. Thus, the substantial increase in physical gold demand can only be satisfied by much, much higher prices.  This is why gold will rise by multiples.

Needless to say, Donald Trump recently won the US election, and as JFK Jr. said of this “impolitic” figure, a “revolution” is coming. Depending on one’s politics, such a “revolution” is either music to one’s ears or the potential for “fascism American style.” Good grief… Nothing written here or elsewhere will change the polarized opinions of those who have long ago picked their right or left camp (or pejorative), so there will be neither gloating nor hand-wringing here.

In this pre-US-election interview, VON GREYERZ Partner, Matthew Piepenburg, joins Jeremy Szafron of Kitco News to address the many ignored “elephants” in the room regarding recession indicators, sovereign debt levels, credit market deterioration, increasingly obvious fiat currency risk and the longer-term direction of precious metal markets. Piepenburg cites the equally ignored insights of veteran economists […]

In the latest 15-minute interview with King World News, Egon von Greyerz explains why gold’s price is expected to multiply over the next few years. You can access the full KWN article, The World Has Never Seen This Before, here.