Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the world has never seen this before.
The World Has Never Seen This Before
October 12 (King World News) – Egon von Greyerz, Founder of Von Greyerz: “The trend in the gold market is clearly up because there are big buyers standing behind gold and picking it up whenever they can — that is the central banks that are switching their dollar reserves into gold. And that’s going to be such powerful, strong, sustained buying on a major scale that the world has never seen before. And that will keep gold going up for years.
And this is why I have been saying for years that gold is not going to go up by small amounts or small percentages. It will go up by multiples in price in the coming years because of the central banks, especially after the US confiscated the Russian assets. The central banks are not willing to hold their reserves in US dollars anymore. And the only alternative to that, because they can take it and store it in their country, is physical gold. So that’s what’s happening, we have big, big buyers continuously buying gold.
Many people say they are going to wait for the correction to buy. There won’t be a big correction. This is not 2008 now. This market is totally different. We have now these powerful…to continue listening to one of Egon von Greyerz’s most powerful audio interviews ever where he makes a stunning prediction for the price of gold, and discusses what every investor must know heading into 2025 CLICK HERE OR ON THE IMAGE BELOW.
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