It’s happened again. For the second time in less than a week, the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that another scandal is unfolding in Switzerland as a second major Swiss bank has has just refused to let a client see the gold that the bank is supposedly storing for them.
What In The World Is Going On With Swiss Banks?
Eric King: “Egon, the piece went viral on KWN where you exposed the fact that one of the Swiss banks refused to hand over a client’s gold. You also exposed more shocking information about what is happening with other Swiss banks. What in the world is going on with the Swiss banks?”
Egon von Greyerz: “Eric, this week we had another situation unfold at an extremely well-known and respected Swiss bank. A wealthy, long-time customer went to the Swiss bank and requested to see his gold bars. The Swiss bank responded, ‘You can’t see them.’…
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This gentleman has, according to a statement from the Swiss bank, a very large number of gold bars on deposit at this bank. Eric, I would call it ‘a significant amount of gold.’ And yet the Swiss bank said to this wealthy client, ‘No, we’re not going to show them to you — we can’t.’ The client was furious and now wants his gold and other assets out of that Swiss bank.
But this is what’s happening now. We talked in my previous interview about how banks are refusing to send clients’ gold anywhere. What’s happening is these banks are putting up obstacles to prevent clients from taking gold or other assets out of the bank. And I think this situation will get much worse, Eric. Eventually nobody is going to be able to take their gold out of the banks. I have seen banks tell clients the gold is safe at the bank, and then later revealed that the gold isn’t there. And I don’t believe this bank possesses this client’s gold.”
The Client Was Furious
Eric King: “Egon, when this man was at the bank and this unfolded, he had to be thinking to himself, ‘They don’t have my gold. It’s gone — they’ve sold it.’”
Egon von Greyerz: “Absolutely. He was furious and he did not believe the bank had any of his gold.”
Eric King: “Were there any reasons given to him for the bank’s inability to show him his gold?”
“They Don’t Have The Gold”
Egon von Greyerz: “No, no reasons. My guess, because I have seen this before, is they don’t have the gold.”
Eric King: “Egon, what do you want to say to people around the world who are reading this? What’s your message?”
“The Situation Will Get Much Worse”
Egon von Greyerz: “My message is very clear: There is going to be such a mess in the global financial system in coming years that a major amount of the assets that people have in banks will disappear. This is why I have been warning people, ‘Don’t keep your wealth preservation assets in the bank.’ People must keep their wealth outside of the banking system in private vaults, otherwise they might never get access to it when they need it. People have to own physical gold and when they do, do not trust the banks. When you own physical gold, store it outside the banks because they are already, right now, being extremely difficult when it comes to clients wanting their gold out of the banks, and I’m afraid the situation will get much worse during the next financial crisis.”
Egon von Greyerz coming to the US!
Egon von Greyerz, who has become legendary for his predictions on QE and historic moves in currencies, is coming to the United States! Mr. Greyerz will be in Boca Raton, Florida, from October 22 – 25 to meet with wealthy clients. This is a rare opportunity for wealthy individuals to secure a private meeting with Egon von Greyerz to discuss their assets. If there are any KWN readers who will be in Boca Raton on those dates that are looking to purchase or vault over a million dollars of physical gold or silver with GoldSwitzerland — which has the best storage platform on the planet in countries such as Switzerland, Singapore, etc — email contact@goldswitzerland.com to set up a private meeting with Egon von Greyerz!
***ALSO JUST RELEASED: Raymond James Bullish On Gold? CLICK HERE.
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