KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

Egon von Greyerz continues:


“The risks are enormous, Eric.  The risk that many banks will fail is major.  The authorities and central banks, around the world, are going to try to rescue them, but it’s not certain they can or will.  That’s why, again, it’s important to hold assets outside the banking system, whether it’s gold or silver or assets in the ground.


That’s the way to protect yourself because if the system survives in the next couple of years, it will only be because there is massive money printing.... 


Continue reading the Egon von Greyerz interview below...  




Advertisement


To hear the man with over 40 years of experience in the resource

markets and how he is positioning his clients to weather

the current financial storm click on the logo:






“Without that they cannot survive.  But because of the massive risks to the financial system, I think it’s absolutely critical that investors hold a major part of their funds outside of the banking system.


We are in this for the long-term.  We got into it (gold) in 2002 at $300.  We’re telling clients today, at $1,720, that right now gold is cheap.  We’re holding gold to protect our purchasing power and gold is just beginning a very major move.  That move will take time.  In the next two years I could see $5,000 (gold).  We could see it before the next 24 months.


That is just an intermediate top.  We will have a bigger correction after that.  But I’ve said for some time that gold could reach $10,000, and that’s in today’s money.  And I’m absolutely convinced that we won’t have today’s money in the future.


If gold goes up to let’s say $5,000, the (gold/silver) ratio will come back down to at least where it was in 2011, which is 30.  I would say that’s a minimum.  Then your talking about silver at $166.”


This is an extremely important interview because Von Greyerz gives King World News listeners his vision of how things will unfold over the coming 24 months.  The KWN interview with Egon von Greyerz is available now and you can listen to it by CLICKING HERE. 


To read the previous KWN interview with von Greyerz CLICK 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.


Eric King

KingWorldNews.com

To return to BLOG click here.

 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_26_link_0shapeimage_26_link_1

© 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.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_29_link_0shapeimage_29_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_30_link_0shapeimage_30_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html