With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about what is really happening in the gold market.
Eric King: “Egon, what is happening with the physical gold market? I know you have your eyes on the refiners in Switzerland and the physical market as well. What’s happening?”
Forget The Propaganda, This Is What Is Really Happening In The Gold Market
Egon von Greyerz: “What is so fascinating is that throughout the whole downturn in the gold price from September of 2011, when gold peaked at $1,920, there has been constant physical demand and all of the (world gold) production has been absorbed. The refiners (in Switzerland, which supply 75 percent of the world’s refined gold) have been working at full capacity since 2011…
Continue reading the Egon von Greyerz interview below…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Egon von Greyerz continues: “So all of the gold that is being produced (and more) is being absorbed. A lot more gold is actually being bought (than what is being produced globally) every year, so…KWN has now released this extraordinary audio interview with Egon von Greyerz, where he gives KWN listeners a look what is really happening behind the scenes globally and in the gold market, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO RELEASED: DANGER: Gold/Oil Ratio At Levels Last Seen During The Great Depression! CLICK HERE.
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