As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals spoke with King World News about the Coronavirus and its impact on markets, gold, silver, stocks, and what to expect in 2020. He also warned that the world is going to see unprecedented wealth destruction.
Unprecedented Wealth Destruction
February 15 (King World News) – Egon von Greyerz: “Eric, this is really a strange situation we’re in now because we have so many areas of risks and problems in the world and stock markets just continue higher. So they are living on a different planet, definitely, the people who buy stocks. What I see now, Eric, is this is a binary situation. By binary I mean it’s either 0’s and 1’s or on or off, which means what’s going to happen at some point, whether it’s in the next one month or three months doesn’t matter, but the binary situation means the vast majority of investors are going to lose, over the next few years, the majority of their assets and investments. And a very small proportion, a very, very small number, will actually have their assets in the right things like precious metals or some commodities. They are not just going to preserve their wealth, they are going to see a massive increase in their wealth. But nobody understands…To listen to Egon von Greyerz discuss the Coronavirus and its impact on markets, gold, silver, stocks and what to expect in 2020 CLICK HERE OR ON THE IMAGE BELOW.
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