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:  


“Just look at the unemployment.  We’re looking at 25% unemployment in many countries.  The US is at 23% (unemployment) if you count it correctly.  Youth unemployment is 50% in many countries.  This is a disaster for the world and the social side of this will be terrible.


So the catalyst could come from anywhere, Eric, but the money printing will be part of the next move in gold, that’s for certain....


Continue reading the Egon von Greyerz interview below...




Advertisement


To hear which company has one of the highest grade gold deposits

in the entire world, as well as a number of other

extraordinary projects click on the logo:






“The printing of money will lead to collapsing currencies, and investors buying gold at any price.


Of course the banks don’t have the physical gold to satisfy their commitments.  Central banks, and most probably the Fed, don’t have the gold they say they have.  The 8,000 tons the US government is supposed to hold is probably not there.


The IMF’s 3,000 tons is probably double-counted and not there either.  And banks don’t even have the allocated gold they say they have.  We have proof of that, and I know you talked to Stephen Leeb the other day and he said the same thing. 


The effect of this is the paper markets will not be trusted.  So people will rush into physical gold.  I see gold reaching $3,500 to $5,000 in the next 12 to 18 months.  Within 3 years, I see the gold price reaching at least $10,000.”


Greyerz had this to say regarding silver: “I think silver will outperform gold.  It looks like the upward correction in the gold/silver ratio is finishing here, which means that silver will start going up a lot faster than gold in the next few months. 


I don’t think it will be long before silver goes back to $50, and in the next 12 to 18 months we will be well above $50.  In a world where most assets will rot, it’s critical to hold assets that won’t decay and that is gold and silver.  And they have to be held in physical form.”


Greyerz also added: “The credit bubble we’ve had, for at least 40 years, is going to accelerate dramatically, and the failures in the system will continue.  Because of that there is a distrust in the government’s ability to govern, and there’s a distrust in the financial system.  We will continue to have failures like Lehman, MF Global and PFG.  They will be much bigger and people will start to realize the banking system is not safe.”



© 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.


This was a tremendous interview with Greyerz.  He discussed the financial system, central planners, gold, silver, the mining shares and more.  He also talked about where we are in this cycle and where we are headed.  The interview with Egon von Greyerz is available now and you can listen to it by CLICKING HERE. 


The interviews with Bill Fleckenstein, Jean-Marie Eveillard (oversees $50 billion), Michael Pento and Gerald Celente are available now.  Also, be sure to listen to this week’s line-up of other KWN interviews which include MEP Nigel Farage, Dr. Stephen Leeb, Rick Rule, Eric Sprott and Art Cashin ($612 billion UBS) by CLICKING HERE.


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_24_link_0shapeimage_24_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_27_link_0shapeimage_27_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_28_link_0shapeimage_28_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html