As Euro, Yen And Dollars Fall, Investors Will Turn To Gold
By Egon von Greyerz
In my King World News audio interview early this week I discussed with Eric King how investors will flee from the major currencies into gold as the currencies start reflecting the imminent major money printing spree.
We also talk about the European banking system and Deutsche bank whose market cap is 1% of its balance sheet. I explain why there won’t be bail-ins in any of the major banks and much more:
“As we get ready to enter the final quarter of 2016, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just spoke with King World News about the roadmap to $10,000 gold and $1,000 silver.
Egon von Greyerz: “If you look at the euro, it’s not going to survive. At some point European investors will realize that and they will flee the euro into gold. It’s the same with the yen……”
Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG