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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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 wo