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BREAKING NEWS

 What Is Happneing Now Is Like The Great Depression

 Greyerz – The Terrifying Truth About What Is Coming
 SHOCKING VIDEO: People Are Getting The Hell Out Of California In Droves!
 ALERT: Bullion Banks Cover Gold Shorts, Also Maneuvering In Silver As Well
 ALERT: Fascinating Email From CEO In Gold Sector, Plus A Dire Warning
 What Is Happneing Now Is Like The Great Depression
 Greyerz – The Terrifying Truth About What Is Coming

Greyerz – The Terrifying Truth About

What Is Coming
April 29, 2018
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, spoke with King World News regarding
the terrifying truth about the coming global wipeout.

The Frightening Truth About What Is

Coming
April 29 (King World News) – Egon von Greyerz: “Strategic
investments are entered into for the long run and with no intent
of short term gains or concern of short term fluctuations. This
kind of investing is based on buying undervalued and unloved
assets and holding them for a very long term period. This is
what we did with gold in early 2002 for our investors and
ourselves…

In Volatile Markets, Is Wealth Preservation King?

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.

Sponsored

Egon von Greyerz continues: “Having come down from $850 in

1980, not only did gold represent incredible value at $300 in
2002, but it was also the best insurance possible against a
financial system which was turning increasingly unsound.
Sixteen years later we are still sitting on our gold.

We have seen a high of $1,920 in 2011 and a low of $1,050 in

2015. Have we ever been tempted to sell the gold? No, not for
one second. We would rather buy more than sell an ounce. We
will patiently hold the gold until one or more of the following
events have happened:

• The financial system has been miraculously restructured and

debt has vanished – IMPOSSIBLE
• Major sovereign nations are running surpluses and have
reduced debt substantially – NEVER

• The financial system is backed by gold, guaranteeing the

value of money – UNLIKELY

• We can swap some of the gold for real assets at values 90-
99% below today – LIKELY

We would never sell gold just because it reaches a certain

price. Nobody today knows what level gold will reach. Will it be
$10,000, $100,000 or $100 trillion? That depends on the amount
of money that will be printed in the next few years. The nominal
value of gold at that point is irrelevant. It is only the purchasing
power that counts.

When the crisis peaks, so will the gold price. At that point it
serves no point to sell the gold since the financial system will
be on its knees. But it could make sense to swap some gold
against safe high-yielding assets at a bargain price or even
against sound businesses that have survived the crisis and can
be picked up for a song. There will be plenty of bargains
around at that time.

It is these opportunities that investors should now prepare for.

Sell your Tesla shares, Amazon shares, Facebook shares, and
your government bonds and buy gold and then wait. The next
5-10 years will give us opportunities that only happen once
every few hundred years. And due to the massive debt and
asset bubbles the world is experiencing today, this time the
bargains are likely to be greater than any time in history.
Sadly, only a fraction of 1% of the investment population can
see this opportunity. But remember the Golden Rule:

“Whoever holds the gold makes the rules.”

Most investors will hold on to their bubble assets until they

have gone down by 85-100%. They will again believe that
central banks will save them. But this time it will be very
different than 2008, although almost nobody can see that until
it is too late.

Billionaires Will Be Wiped Out

The transfer of wealth in coming years will be of a magnitude
that few can realize today. Most billionaires will disappear and
not understand what has happened. They all thought it was
their own ability that created their wealth. They will soon
become aware that their wealth was based on the central bank
money printing bonanza that favored a few and impoverished
not just the poor but also the middle classes. But when bubbles
burst, debts implode and so do asset values.

Many ask how we can have hyperinflation when so many

assets will implode which is deflationary. As I have explained
before, we will have “FLATION” In coming years. This means
both deflation, stagflation, inflation and hyperinflation
simultaneously. All bubble assets will deflate and the economy
will have deflation which is inflation with economic stagnation.
Consumer products, foods, raw materials and many
commodities will hyperinflate.

Most people don’t understand that we can have hyperinflation

without high demand. Just look at Venezuela and you will
understand. Here we have an economy which is totally
collapsing with most people living in absolute poverty and
squalor. There is very little demand for products or even food,
since there is none, and people can’t afford it. Still, prices are
going up exponentially. This has nothing to do with demand
but with the currency. Hyperinflation is a currency event and
when a country prints unlimited amounts of money the
currency collapses. And this is what creates hyperinflation.

There Will Be A Lot Of Suffering In The World

We live in a world where real values and morals have been
replaced by instant gratification and worship of the golden calf.
Loyalty and friendships are gone. Instead, it is everyone for
himself and win-lose rather than win-win. This is what happens
in an unsound and immoral economy manipulated by an elite.
The next phase that the world will go through will eradicate this
system which is rotten in its core. After a long period of very
unpleasant transition, real moral and ethical values will return.
But before that, there will unfortunately be a lot of suffering in
the world.

For holders of gold and silver who are impatient, I don’t think
we are far from the next major move higher. The problem with
looking at gold in just US dollars is that it doesn’t give the full
picture. Gold must be measured in the home currency of the
holder.

Just look at the charts below. Gold in Swiss francs has broken
out and is in a clear uptrend to new highs. And gold in Swedish
kronor is near the 2012 highs. Gold in dollars and other
currencies will follow.

Gold Breakout In Swiss Francs &

Swedish Kronos!
Looking at gold in the weak South American economies, we
can see the effect of collapsing currencies and the resulting
hyperinflation.

Gold in Argentine Pesos today is ARS 27,000 from ARS 300 in

2000. And gold in Venezuelan Bolivars is now VEF 88 million. It
was VEF 75 million last week and VEF 200 in 2000. So that is
what real hyperinflation looks like.

Gold Skyrocketed In Argentine

Pesos & Venezuelan Bolivars!
The gold charts for Dollars, Euros, Pounds and Yen will look
the same in a few years time. Take my word for it. All these
countries will have unlimited money printing and
hyperinflation. Please don’t ignore the risks and don’t ignore
history. Physical gold and silver will be your savior.”

***ALSO JUST RELEASED: SHOCKING VIDEO: People Are

Getting The Hell Out Of California In
Droves! CLICK HERE TO READ.
© 2018 by King World News®. All Rights Reserved. This material may not be
published, broadcast, rewritten, or redistributed. However, linking directly to the
articles is permitted and encouraged.
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