Risk and Wealth Preservation with Egon von Greyerz
Understanding Risk & Wealth Preservation
"Wealth Preservation is absolutely critical for the coming years, or even decades and was we set up a special division within Matterhorn Asset Management called GoldSwitzerland to assist investors. We store primarily Gold and Silver outside the banking system in ultra secure vaults in Zurich and the Swiss Alps (which is both the largest and most secure gold vault in the world) along with Singapore and Hong Kong with clients in over 40 countries which includes individuals, family offices as well as institutional clients."
"We intentionally remove ourselves from counter-party risk. We facilitate the investment in precious metals for investors but the metals are held in the name of the investors and therefore they can go to any of the vaults directly (even without our assistance). GoldSwitzerland is the only company in the world that offers this facility where clients have numbered bars in their own name where they can go directly to the vault to inspect them or withdraw them directly."
Unprecedented Global Risk
"I believe the world is in a bigger mess than I have seen going back in history! The risks are absolutely unprecedented with virtually every major economy now bankrupt. Japan in my view will not survive as an economy and will 'sink down into the Pacific Ocean'. They are living on borrowed time and sadly at some point in time the Japanese economy will implode. Additionally we have massive problems in China where borrowing has been increased by $20T in the last few years. Europe has no solution to Greece and the Euro is the biggest problem to the world. You add to these Economic risks those of Geo-Political risk and risk is immense!"
"The Black Swans are everywhere and at some point one of them will land somewhere."
Why Gold as Insurance?
"Throughout history gold is the only money that has actually survived. No other form of currency has survived.
VOLTAIRE: "Paper money eventually returns to it's intrinsic value of zero!"
MARK TWAIN: "Investors should worry about the return of their investment and not on the return on their investment!"
"I am not a gold bug. It is just that we decided in 2002 the world was in a mess and it was going to be in a bigger mess. Therefore people needed to invest directly in gold outside the banking system and preferably outside their own country of residence."
This comprehensive 35 minute video covers many aspects of precious metals investing .... Which only one of the world's leading experts can offer.
- Paper markets are manipulated,
- Central Banks do not have the gold they say they have because of leasing contracts,
- Produced and refiners are at maximum production based on demand,
- Meanwhile, Gold is trading at or near its cash cost,
- The more government mis-manage the economy, the more important gold becomes,
- ... and much more
Video: Financial Repression Authority W/ Egon Von Greyerz