Greyerz: Physical Gold Demand Enormous & Accelerating!
- The price of gold is going alot higher than most people imagine possible! Gold is money and has been money for 5000+ years. Fiat currencies are a CONfidence Job. Don’t be a sheeple: the last to know, the last to understand but the first to fall/die!
Greyerz – Physical Gold Demand Enormous & Accelerating!
Today Egon von Greyerz told King World News there is major demand for physical gold and it’s actually accelerating. Von Greyerz also said institutional money is going to aggressively enter gold and this will totally change the market. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about what is happening in the gold market: “We are seeing the low this week or we could be under pressure for another week. But thereafter, in April, if I look at the technical picture, gold looks fantastic. The next move will be a major move in both gold and silver.”
“If I look at the physical market, we are seeing major demand and it’s actually accelerating. Again, we are looking at a paper market which is artificially manipulated short-term. It has no relevance at all for the gold market in the long-term. There are two key drivers (for gold). One is technical and it looks and to me it looks like the next move (higher) in gold is going to be a big move. In our view it’s the fundamentals that drive this market. There is a lack of solutions (to the world’s financial dilemma), this means there will be unlimited money printing starting very soon.
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