Risk Exponential and Unmeasurable – Egon von Greyerz

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial and precious metals expert Egon von Greyerz (EvG) vaults gold for clients at two secret locations on two continents. He says his wealthy clients have at least 20% of their net worth in physical gold and silver. Some have much more. Why so much physical metal? EvG says it is because of record risk in the world today. EvG explains, “There is only ½% of all world financial assets held in physical gold. So, this is a very small group, but it is still a lot of money. Of course, the majority doesn’t believe this because if they did, all the other markets would collapse. The particular people that are concerned about risk that we deal with, and they are not concerned in a minor way . . . look at all the asset classes, whether you take the stock markets, bond markets or property markets, they are all in the most massive bubbles fueled by exponential growth in credit. Global credit has tripled since 1999 to today. Global debt went from $80 trillion to $240 trillion. When debt triples, it doesn’t mean that risk triples. Risk goes up exponentially. Then you add to that all the off-balance sheet items and unfunded liabilities. The derivatives are at least $1.5 quadrillion. . . . Officially, it is reported $600 billion, but it is probably $1.5 quadrillion. . . . So, you are talking about risk that no one understands, and no one can measure. Most of it is in paper or air, if you will. It’s like a balloon, and when you pop that balloon, you will find it is mostly air. This means asset values will implode, and so will debt.”

How bad is this going to get? EvG says, “I think stock markets and bond markets will go down by at least 75%, and I would say it could be up to 95% or more. A lot of companies will disappear. I am not saying the world is going to end. You must remember, in 1929 risk and debt was nowhere near where what it is today and certainly not globally either. This is a global problem, and not just in the U.S. In 1929, the stock market went down by 90% between 1929 and 1932. It took 25 years to get back to the 1929 level. So, it could go down by 95% today and that would not surprise me at all because we are talking about a much bigger problem. And don’t believe that central banks and governments are going to rescue this. They have used all their tools. They have inflated the money supply with printed money, and they are telling us all that they have it under control. They have nothing under control, and there is no margin to lower interest rates anymore either. Therefore, in my view, interest rates are going to surge. They could try to lower them when the markets get into trouble. It will not succeed, and it will be like in the 1970’s, and you will see 20% interest rates.”

EvG also says, “With this risk, people have to take insurance. This business is not a business, it is a passion, and I have a passion to help the few people that see the risks. . . . I think your best wealth preservation will be gold.”

In closing, EvG says, “. . . At some point, all hell will break loose. There is no question about it. It could be something very serious coming this autumn. The whole political system is fighting against Trump, and that is going to be tough, very tough. . . . The markets are giving me the signal that things are going to turn in the autumn, and you can easily find a number of catalysts for this to happen.”

Join Greg Hunter as he goes One-on-One with Egon von Greyerz of GoldSwitzerland.com and Matterhorn Asset Management.

(This report talks about extreme record breaking risk in the financial markets, why people need to have an insurance policy of physical gold and silver, and a possible crash of the markets this fall.)

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After the Interview: 

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Comments
  1. Marie Joy

    Is there any place, in the world, that an American will be safe? It seems we are expendable.

    • Spikey Norman

      Americans have bombed, threatened, plundered or invaded every nation on the planet. Yet Americans still see themselves as the cream of Earth’s population that would just like to go and live in a nice safe non violent country where they can enjoy their guns, drugs, corrupt and immoral lifestyles in peace. Problem is, nobody wants you.

      • Pugsley

        We know, Spike. You just want our Republic, for which it stands!
        One nation under God. Indivisible, with liberty and justice for all.

        I’m sure in your country, you can’t wait to get it. Well your not welcome to it.

        How did they sell socialism in your country? Did they put you all to sleep first? Well, we the American people are waking up fast. As to who wants our country and you sir ain’t gonna get it. Thanks to our Bible and the founders of our Republic, hi who were wise to give us the right to bear arms. Like Ben Franklin said when he was approached by a group of citizens asking what sort of government the delegates had created. His answer was: “A republic, if you can keep it.” The brevity of that response should not cause us to under-value its essential meaning: democratic republics are not merely founded upon the consent of the people, they are also absolutely dependent upon the active and informed (USAWatchdog.com) involvement of the people for their continued good health and Norman the Yank’s, still got a measure of good health and a very healthy president at this time.
        There’s another Norman I can’t help thinkin of. He’s known as the Shark. He chose to be an American and we love him. His name is Greg Norman. Ever hear of that fellow? I’m sure you have, Spikey Norman! We love Greg’s around these parts and some were even born here, like Greg Hunter, Mannarino and millions more. So don’t worry and beware. We’re not going down without a fight. So either take a flight and get your bum over here, or stay where you is and fight fer yer country and let freedom ring!

        https://constitutioncenter.org/learn/educational-resources/historical-documents/perspectives-on-the-constitution-a-republic-if-you-can-keep-it

      • Charles H

        No, Spikey – your over-generalization is incorrect. And America does NOT have the patent on war, injustice, or corruption: ALL nations DO. America happens to be in prominence – so such crime extends across the world more than most. If you painted a picture fairly – the USA rescued the world a couple times; but then became corrupt and did some serious damage. But America has never conducted a real genocide – only toyed with regimes and many minor countries. Also you overlook that good that America historically has accomplished.
        And the idea that nobody wants us is also disproved by the MILLIONS of Illegal Immigrants who have passed to, and the millions more who are trying to get into the USA. I assure you it is not for the drugs, corrupt, and immoral lifestyles. Overgeneralization in this form is intellectual dishonesty. You should have known the USA in the Fifties. Milk came in glass bottles, with waxed-paper caps, delivered to your door.

        • Bet

          And Charles please tell me about genocide !!! Are u kidding me when usa has perpetrated so much covert experimentation & death of it’s own people … In excess of +500k and other nation`s. The 5-i’s country military ops have very covert activities unknown to most of their civilians…look up Agenda 21 and then explore it thoroughly. How do I know so much?? I am living with daily covert experimentation as a non-consenting victim of microwave and radio frequency attacks. Please go and investigate then wake up all those around you…you could then be classified as a mental case, lose further civilian rights and institutionalised for more experimentation. Here is a massive coverup, now uncovered for our benefit via a website, even offering a FREE eBook “ Psychiatric-fraud.pdf “
          at http://antipsychiatry.org
          Here a video
          Prof DR Jeffrey A Schaler
          https://www.youtube.com/watch?v=95HhDDPd3ts&fbclid=IwAR3NUa4i1Q4IBHfSUXpN59HqC_gTjsIr3MQX8HtpuBlvegWR37T-9oe6QPY
          Please educate your community.

      • Jallen

        Spikey Norman,
        There is a reason for that; they have turn their back on the Almighty G-d of Abraham, Isaac and Jacob and his only begotten son born in the flesh Jesus Christ, It is all down hill from here until they cry out for G-D.

        Jallen

        • Charles H

          Even those saved out of the gathering cesspool, won’t be spared the hard time of the direction the world is going in. But the Second Advent (1Thess.5:13-17) of Jesus Christ WILL take us out of the way for God to finish His short work on the earth.
          God has done a work equal to redeeming the whole planet: but sinful man doesn’t want it. So the result is ‘a remnant’, out of the whole – a people, then a peculiar people is who He will reserve to Himself. The problem is that many recent ‘scholars’ can’t distinguish between God dealing with the Church and Israel: so they lump them both in together, when God will handle them separately.
          The ‘all downhill from here’ is in God’s plan and Scriptural record. Nothing will stop or divert it. But we, and those, who DO cry out to God will not be judged with the world.

          • Andre

            Charles H.
            The salvation is by one name only – Jesus Christ. He is the Door to the Father. Who Knows him, knows the Father. Wo rejects Him, rejects the Father.
            The Children of Abraham are those who do work of Abraham. He was a friend of God because he believed that redeemer will come. Abraham rejoiced when he saw Christ is his vision.
            Christ’s bride is a church (His people). He is not polygamist. One woman – one church.

            • Charles H

              All this is true. At some future point, when the Jews realize the ‘messiah’ of a future date – was their mistake: they will as a nation turn back to Jesus Christ (and probaby will get their wings and the wilderness, because at that point they will have the testimony of Jesus Christ) which concurs with the Tribulation timeframe. The blood-bought bride of Christ, being redeemed – I can’t understand why God would have ‘her’ go into or through Tribulation. So I conclude that Israel and the Church are treated differently. Two entities; two covenants; two determinations.
              As to the John 8:39 verse – I find nothing in the whole chapter that actually spells out ‘the works of Abraham’; only prophetic realization that God would provide Christ the Redeemer – so that you must go back to Genesis to derive the principles ascribed as ‘works’. (Believing; trusting; obedient…)
              I am suspicious of the popular use of such an obscure scriptural reference. Such amplification usually allows lots of humanly derived ideas to be interjected.

              Also – the idea that Christ is not a polygamist doesn’t quite fit either. One God: three Persons. How can Christ have the Bride, and not the others? And Israel is never described as a ‘bride’.
              You DO know that one of the tenets of Satanism is: “as above; so below”. Which gives cause to think that God and Heaven are like we have here on earth. Never! It is a trap of the devil to convince people that Heaven is like we know here: NO WAY. God is so beyond us – that we only bear “an image”. He can more than provide for an earthly chosen people, and an spiritual redeemed people – in His time; and in His way: under differing conditions.

      • Donald

        Spikey Norman…. sounds like you are insane… perhaps you have been watching too much CNN??? People like you are what’s wrong with humanity – full of anger, hate, violence all because of being stupid due to mental laziness and a narcissistic belief that everyone and everything owes you something.

    • Bill

      It all depends on how you define safe.

  2. Marie Joy

    The $21 Trillion Missing is is only 2 departments. What about the other departments? When other departments are audited, it may be much more than $21 Trillion missing.

    • Sgt. Carter

      Let Freedom Ring!
      https://m.youtube.com/watch?v=y-nPsrX05Rk
      Why we can’t let the terrorists win…..
      The reason our intelligence agency’s spy on us we the people too. Not only our enemies. We’re all the enemy now. And the one we sent to fix this mess, is their enemy no. 1! We no longer have any representation anymore except for him. Trey Gowdy and Paul Ryan no longer represent us, but them. Unlike the Trumpster their deer in the headlights cowards. Barack Obama, had more guts in standing up to them, then they. When this is all said and done they’ll be remembered as Benedict Arnold is remembered.
      Why They Took Our Governence
      https://m.youtube.com/watch?v=0A6dYR7q0Uw
      We can’t let terror win!

  3. William Stanley

    Mr. Hunter: Thanks, I needed that: solid common sense.

  4. Maria das Santos

    Thanks Mr Hunter and Mr von Greyerz,and may I re-iterate Mr von Greyerz’s last comment,thank you Mr Hunter for what you are doing for us “deplorables”.
    The awkward question is,with the only remaining asset that is liquid,will a sitting president not turn up at the gates of these gold storage units and demand the keys in utterly dulcet tones of civility,whilst next to him stands a bull of a man in a sharp suit obviously carrying a gun as his enforcer?And there won’t just be one bull necked man,there will be many all with advanced weaponry.Of course many will say this is unlikely in Switzerland,well Mr Obama during his regime ensured Swiss banking and asset management were nearly destroyed and a number of very old banks were.Reality,socialism is dying,just like communism did,and in its death throes all assets will be consumed for its benefit;that Goya or Chagall on your wall can be sold for the benefit of your local government’s pensions.Better to have your Goya “stolen”,whilst uninsured,an important point,and a sad loss only to emerge after the collapse.This is the mechanism a number of wealthy are employing for jewels which will gravitate to art if not already.
    Those legal mechanisms of handing money onto the next generation,will be attacked,particularly here in the UK such is the ferocity of the socialists in power who are hiding behind religious garb.

  5. paul ...

    As EvG states: “people concerned about risk are buying gold” and they are doing the right thing … as it looks like we are headed for another war … if you listen to the pompous ass warmongering neocons we haven’t had enough wars (i.e. Iraq, Afghanistan, Ukraine, Syria, Yemen and now Iran) … and what excuse is Pompeos using to get us into another war? … for one he is saying that we should invade Iran because their economy is not doing well (because of US sanctions?) … did he ever consider how our US economy will be doing once Russia and China put sanctions on us? … he also says some workers are not getting paid, strikes are occurring, the rial is falling and unemployment is at the staggering level of 25% (according to John Williams (no government officials listen to) our unemployment level is close to this level) … then he says some people in Iran are expressing frustration with their government’s corruption and mismanagement l(ike we Americans are similarly frustrated with corruption and mismanagement (i.e the missing 21 Trillion dollars, etc., etc.)?? … you know … we Americans are lucky we don’t have foreign countries trying to do a regime change on us for these flimsy reasons (but come to think of it … we do have a bunch of internal traitors trying to do a regime change and get rid of Trump) … so here we go … off to war once again … will it be nuclear??? … Pompeos will try to tell us fighting Iran (along with their two nuclear armed allies Russia and China) is going to be a cake walk because the Iranian people will welcome us with candy and flowers … I guess just like the people did in all the other countries we invaded (and are still fighting 18 years later)!! … https://www.zerohedge.com/news/2018-07-21/state-dept-insider-eerily-familiar-drumbeat-war-intensifying-ahead-pompeos-iran

    • paul ...

      So it looks like it’s going to be the “Mother of all Wars” … https://www.zerohedge.com/news/2018-07-22/iran-warns-trump-not-cut-oil-exports-threatens-mother-all-wars

      • paul ...

        This is the way the Iranian President Rouhani explains negotiations with the US … he says that “the US Government’s words or even signatures cannot be relied upon and thus negotiations with the US are useless” … sort of the same lesson the American Indians learned when they negotiated with the US and then our government ripped up our “signed or unsigned treaties” with them!!

        • paul ...

          You know … instead of the neocon warmongering knuckle heads fighting another war over oil … why don’t the American people take a stand and demand that the hundreds of billions of dollars that will be needed to fight a war with Iran … be used instead to build a massive solar farm in the desert southwest and make the US completely energy independent??

        • Keyboard Cat

          White man speak with forked tongue!

    • Russ McMeans

      Both Iran and North Korea have have threatened us, and Japan / South Korea. Iran has also threatened Israel. I say we bomb the crap out of them if they don’t tone it down. Just one or two nukes would settle the score. Luckily we have some excellent leadership- ie Trump and Our secretary of defense that are trying to negotiate peace and also undermining those regimes through quiet back channels. We should be very grateful and pray a lot too. The end is coming but not yet!

      • Frederick

        You would say that Russ Maybe you and Robert can both go live there

        • Robert The Zionist American Patriot Lykens

          Better than Turkey.

          • Frederick

            To each his own Chump

      • sk

        There is probably an Iranian writing to an Iranian web site right now saying ” USA has threatened Iran. USA has also threatened Palestine. I say we bomb the crap out of them if they don’t tone it down. Just one or two nukes would settle the score.” Oh wad some power the gift gie us to see ourselves as others see us……

      • Donald

        ” I say we bomb the crap out of them if they don’t tone it down.”

        Why do you suppose there is so much hatred toward the USA? Go no farther than what has in more recent years been called the deep state. These people are essentially psychopaths and they DO NOT represent the majority of people in America. But EVERY country in the world has psychopaths. The big failure of humanity has been to not get this – partly because psychopaths are adept at being charming and portraying themselves as ones who are looking out for others. How do they give themselves away? No conscience, always belittling others, always sowing seeds of doubt, always lying, always twisting things and so on. They manipulate others for their own benefit.

        • Donald

          Here is a good example of a psychopath:

          https://www.huffingtonpost.com/entry/qanon-conspiracy-real-life_us_5b54bbafe4b0b15aba8fe484

          If you read the article you will notice how Andy Campbell creates false “facts” and goes out of his way to belittle others to convince the reader that all those who he is writing about are nut cases. Problem is, his report is nonsense. But I suppose someone who believes this sort of commentary will have fallen for it.

      • This sceptred Isle

        easy Dr Strangelove

  6. David Larsen

    Greg,

    I couldn’t help noticing a discrepancy in the poll numbers.

    The Yes number is 2,855, and the No number is 111. This totals 2,966, yet the Total Voters shown in the box is 3,486. That’s a discrepancy of 520 voters. What’s going on there? People attempting to vote twice?

    Great interview with Mr. von Greyerz. Happy Sunday.