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I believe that in the autumn of 2012 we are going to see…a series of negative events – failing
economies, higher unemployment, more QE, and extraordinary levels of social unrest. When QE is announced, I see a temporary rally in stocks but at some point stocks will collapse. I’m not talking about mining stocks, but common stocks outside of the mining sector.
So says Egon von Greyerz in edited excerpts from his most recent interview with King World News which is brought to you courtesy of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds). This paragraph must be included in any article re-posting to avoid copyright infringement.
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von Greyetz goes on to say, in part:
“All of the assets which have been inflated by the credit bubble will implode. This means tens of trillions of dollars of wealth will disappear out of the world economy. As an example, stocks still have to decline 90% vs gold….interest rates are headed to 15% to 20% in the next few years and bonds will absolutely implode so we are back to physical gold, which is the only investment that eliminates counterparty risks. We are talking here about physical gold held outside of the banking system.”
Editor’s Note: The above may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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