Egon von Greyerz continues:

“Actually, institutional investment into gold, currently, is only about 0.3%.  So we are talking about Japanese funds putting 1.5% to 3% or five to ten times as much (into gold) as the world average.

I’m convinced that in the next few years institutions will put a part of their assets into gold because they have to protect their assets against the inflation we will be experiencing....

Continue reading the Egon von Greyerz interview below...


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“That (influx of new money into gold) will have a massive affect on the gold price.

As we go to current action in the gold market, I totally agree with Andrew Maguire.  We’ve seen heavy paper selling in a very thin market, while the physical market continues to be very strong.  I can actually see weakness on a technical basis continuing until the end of next week also. 

So I think we will have a weak finish to the year, Eric.  But next week should be the closing low, which is, as it happens, similar to (what took place) in 2011.  I expect gold and silver to start going up starting in January.  But I think investors must focus on what I’ve been trying to say in the last few weeks here, and showing in graphs and interviews on King World News. 

As long as debt goes up, which it is guaranteed debt worldwide will go up, and as long as that continues the gold price will continue to rise and I expect a major rise in 2013.”

Greyerz also added:  “U.S. debt is increasing by approximately $1.5 trillion per year.  If you add to that the increase in unfunded liabilities, you get an increase, only in 2012, of $7 trillion.

So total debt and unfunded liabilities increase in 2012 by (a staggering) $7 trillion.  If you multiply $7 trillion by ten years you get to $70 trillion.  And you can see that the whole fiscal cliff debate is about a measly $1.2 trillion over ten years, against a potential increase in the total debt in the US of $70 trillion.

So it is so sad to see this desperate situation when politicians worldwide refuse to face up to the real catastrophic state the world is in.  Instead, they are just tinkering with the edges.”

This is an incredibly powerful interview with Egon von Greyerz.  He discusses the reality of what the world is facing going forward and why it will lead to dramatically higher gold and silver prices in the future.  The KWN audio interview with Greyerz is available now and you can listen to it by CLICKING HERE. 

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

The interviews with Gerald Celente, Andrew Maguire, Roberto Giorgi, James Turk, Rick Rule, MEP Nigel Farage, Chris Powell and Bill Fleckenstein are available now.  Also, be sure to listen to the other recent KWN interviews which included John Hathaway, Ben Davies, Stephen Leeb, Eric Sprott and Wilbur Ross by CLICKING HERE.

Eric King

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© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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