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Greyerz:  “Eric, you know my view that gold and silver will go up because of unlimited money printing.  That’s guaranteed to happen.  But other factors that could put even more (upward) pressure on gold in the short-term are the enormous physical shortages....


Continue reading the Egon von Greyerz interview below...




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“Governments and central banks have, for decades, leased or sold their gold to the bullion banks.  So they are very likely to own very little of the 23,000 tons that Western central banks are said to hold.


But now bullion banks also have a problem:  They tried to replenish their (physical gold) coffers during the massive manipulative selling that we’ve seen over the last few months in the paper market.  Although they took the price down, most of the physical (gold) that was released by selling from ETFs and hedge funds was absorbed by Asia.


So the bullion banks are still massively short of physical gold.  Eric, all of these physical shortage problems are likely to put enormous upward pressure on gold in coming months.  And remember that this factor is in addition to the destruction of paper money we will see which will also put upward pressure on gold.


It’s important for investors to understand, and especially holders of gold and silver, that there are now several different factors which will propel gold and silver to much higher levels.  As you know, Eric, I’ve said that within the next year we will see levels that will be a lot higher than the $1,900 mark we saw in 2011.


I see shortages everywhere, and I see real problems in the market with the bullion banks still under pressure.  I am hearing that they (bullion banks) are under real pressure, and this is why we will see incredible upward moves (for gold and silver) starting in September.”


IMPORTANT - This is one of Egon’s best audio interviews and it is available now to listen CLICKING HERE.  Egon discusses the chaos behind the scenes that central planners are dealing with, the massive surge in demand for physical gold and silver, the shortages we are now seeing and much more.


© 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 This material may not be published, broadcast, rewritten, or redistributed.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 Eric Sprott, Egon von Greyerz, David Stockman, Gerald Celente, Andrew Maguire, John Mauldin, Dr. Paul Craig Roberts, Art Cashin, William Kaye, Marc Faber and Dr. Benn Steil are available now.  Also, other outstanding recent KWN interviews include Jim Grant and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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