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Greyerz: “I will tell you some very important reasons why investors should not worry about the recent turbulence in the gold market.  First of all it was a smash in paper gold.  If you look at our company, as just one example, we did not have one single seller in the last few weeks.


So during this takedown in gold and silver there wasn’t one single seller, only buyers....


Continue reading the Egon von Greyerz interview below...




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“KWN has reported that all over the world people are buying more physical gold and silver than ever.  We are hearing about retail buyers queuing up everywhere around the world.


The Perth Mint has had to increase production in order to meet demand.  On the 17th of April, just two days ago, the US Mint sold two tons of gold.  That’s in one day.  The total in so far in April is 4.6 tons of gold sold.  That’s more than the whole of both months of February and March.


If we turn to the Swiss refiners, Eric, the premium over spot for physical gold is rocketing.  Swiss refiners are unable to keep up with the demand for immediate delivery.  They are working flat out, including the weekend, and still can’t keep up.


The Swiss refiners are seeing global demand coming in from everywhere, especially from the Middle-East and the Far-East.  So, again, this proves that the artificial manipulation of paper gold has nothing to do with the physical market. 


The true gold market is only physical, and it’s been that way for 5,000 years.  Paper gold will eventually reach its intrinsic value, which is zero, that is guaranteed.  In the next few years the spread between physical gold will continue expanding until the market realizes that the issuers of paper gold cannot deliver.  At that point paper gold will go to zero, and physical gold will go to unimaginable levels.”


© 2013 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 This material may not be published, broadcast, rewritten, or redistributed.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 audio interviews with William Kaye, Rick Rule, Nigel Farage, Gerald Celente, Dr. Paul Craig Roberts, Andrew Maguire, John Embry, Art Cashin, John Mauldin and Egon von Greyerz are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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