- Greyerz – Here Is The Roadmap To $10,000 Gold & $500 Silver!
On the heels of gold and silver surging strongly, today Egon von Greyerz sent King World News a tremendous piece where he discusses today’s move, what investors should expect in the future, as well as some surprising medium-term and long-term price projections for both gold and silver. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, wrote in this fascinating KWN exclusive piece.
By Egon von Greyerz Matterhorn Asset Management
August 23 (King World News) – Gold & Silver Off To The Races?
With only 1% of world financial assets invested in gold, very few so-called investment experts have any understanding of the yellow metal. So during the 22-month correction in the gold price, most of the 99% who don’t own gold have all been calling for the end of the bull market….
What most of these people don’t understand is that gold is not in a bull market. It is paper money going down, rather than gold going up. For 5,000 years gold has been the only money which has maintained its purchasing power. Every single currency has been destroyed throughout history, in a permanent bear market. Voltaire was so right when he said in 1729 that “paper money eventually returns to its intrinsic value – ZERO.”