“…central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency.”
Financial and precious metals expert Egon von Greyerz (EvG) operates the largest private gold vault in the world in Switzerland. EvG contends, “They have managed to maintain totally false markets with no real price discovery, certainly since 2009, by just flooding the market with so much money. We don’t have any real markets. We don’t have any real prices. It’s all fake. It’s all fake because it’s all supported by fake money.”
So, real money, that EvG says is physical gold and silver, is going to be revalued much higher. EvG says, “Technically, gold and silver will soon start the next leg up. . . . What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that’s just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Egon von Greyerz, founder of Matterhorn Asset Management, which can be found on GoldSwitzerland.com.