Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals had this to say about the looming crisis.

King World News note:  This sums up the crisis the West is facing so beautifully that there is nothing else to add.

January 28 (King World News) – Egon von Greyerz:  The risk of a massive avalanche that crushes credit and asset markets is so high that anyone who doesn’t get out of its way will see his wealth totally crushed. Gold has for 5,000 years been the best protection in any crisis and this time is unlikely to be different.

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