Saturday , 13 July 2024

Egon von Greyerz Interview on Future QE, Hyperinflation and the Price of Gold (+2K Views)

A final or total catastrophe of the currency system will occur as a result of  unlimited money printing that will lead to hyperinflation. Stock markets will benefit temporarily from this QE [but we expect that the] markets will fall 90% against gold in the next few years. The correction in the precious metals [will] likely [soon] be over and we should see the metals going to new highs in 2012. Words: 450

So said Egon von Greyerz ( in an interview* with Eric King.

Lorimer Wilson, editor of (Your Key to Making Money!) edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) von Greyerz’ comments to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

von Greyerz went on to say, in part:

In summary, this is what I said (with some additions) in the interview with King:

  • The current correction in gold is technical. There is very little physical selling and refiners have their order books full well into the second half of 2012.
  • Technically this correction could last to the end of the year but it could end already at the end of next week. Support is at $1,530-50 and $1,410-20. Thus we could go that far down but this would be a golden opportunity to add to positions.
  • The market is smelling deflation. With no QE we would have a deflationary collapse. No bank would survive a deflationary collapse. Nor would any government. There would be total chaos and no functioning financial system.
  • Governments are petrified of deflation. They know the consequences which are unacceptable to them.
  • Therefore, whatever governments say, there will be unlimited money printing led by the Fed, IMF and ECB plus other central banks.
  • QE will not solve the problem, only kick the can down the road. There is no solution as I wrote in my latest piece “Deus ex Machina” [which is posted on under the title We Have Reached the End of the Road and are Staring into the Abyss! Got Gold?].
  • Worldwide QE will lead to currencies collapsing, a hyperinflationary depression and surging precious metals. Physical gold and silver (stored outside the banking system) is the ultimate method for preserving wealth.

*Click here for the KWN interview page with Egon von Greyerz – then click the ‘Listen to MP3′ link or go here for a printed version of the interview.

Sign-up for Automatic Receipt of Articles in your Inbox or via FACEBOOK | and/or TWITTER so as not to miss any of the best financial articles on the internet edited for clarity and brevity to ensure you a fast an easy read.

Related Articles:

1. Why Negative Real Interest Rates + Stimulative Money Supply = $10,000/ozt. Gold


Question: What do you get when you mix negative real interest rates with simulative money supply efforts by global central banks? Answer: An exceptionally potent formula for higher gold prices that could send gold to the unimaginable level of $10,000 an ounce. [Let me explain further.] Words: 1049

2. Investing in the Stock Market is for Losers! Here’s Why

This article clearly demonstrate how the millions of investors who invested in the stock market over the past decade actually fared when their performance was measured in gold instead of dollars. You will be shocked at how poorly they (and you?) have really done and you, too, will come to the consclusion that – investing in the stock market is for losers. Words: 790
With most of the world’s major economies as well as the financial system bankrupt…most people will rely on governments and central banks to save us but how can anyone possibly believe that totally incompetent and clueless politicians and central bankers could solve the problem they created in the first place… The main objective of governments is to stay in power and thus to buy votes, therefore they are incapable of taking the right decisions and the opposition, aspiring to power, is even less suitable since they will lie through their teeth and promise the earth in order to be elected. So what is the solution? Read on! Words: 2391
When the supply of something is increased sharply relative to demand, the value of that commodity will decline. If the supply continues to increase rapidly and indefinitely, then that item will become worth less and less, with the potential to finally become nearly worthless. This is the Developing Disaster facing the US Dollar and the world. This is the factor that could become the single most important criterion in investment allocation decisions and possibly even for individual financial survival…[Let me explain this further by reviewing the 7 major problems facing the U.S. (and thus the world) and how they all will lead to problem #7 – devolution.] Words: 1520
Everyone must be wondering where this “unprecedented global financial crisis”, (the World Bank’s words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641

6. Alf Field: America’s Current Account Deficit Causing World’s Financial Crisis! Here’s Why

The onset of the world’s worst financial crisis in many decades is one of the most important factors (if not the most important factor) currently influencing investment decisions. The crisis has created chaos and confusion. Not many people understand how the world has arrived at this unfortunate situation. This report endeavours to identify the underlying causes of the crisis and explains why the USA current account deficit has been the main destabilising force in world finance. Words: 3806
Considering the fact that you can fool some of the people some of the time but you cannot fool all of the people all of the time, is it any wonder millions, both through the Tea Party demonstrations and now the Occupy Wall Street Movement across the country and elsewhere around the world, are protesting the abysmal scourge that fiat currency has brought upon us as a result of that fateful day back on July 25th, 1965. To appreciate the significance of that historic day we must fully understand what fiat currency is and why such a concept is about to implode and this article does just that. Words: 1372