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Egon von Greyerz: Warning of Wealth Risks in a World of Financial Jenga

Tom welcomes back Egon von Greyerz, founder and managing partner at Von Greyerz Gold Switzerland. Egon highlights concerns about the current state of the global economy. He underlined the mounting national debts and potential for war as the two primary factors adding to the world’s chaos. Despite this, he stresses the importance of focusing on individual wellbeing and controlling what can be influenced personally.

Greyerz suggests investment in gold as an effective method of wealth preservation. This is because gold maintains its purchasing power over extended periods, even as fiat currencies lose value. Greyerz predicted a surge in gold interest as a safe haven amid increasing national deficits and economic instability worldwide. The attractiveness of gold is amplified by the potential impacts of overdue debts, particularly in the real estate sector.

Furthermore, Greyerz draws attention to the significant shift in the U.S. government’s method of funding debt. As central banks continue to create fiat currency, many countries are offloading their U.S. treasury bonds, leaving the Federal Reserve as the main purchaser. This situation, combined with an inflationary world economy, may trigger more financial troubles. Greyerz expresses concerns that governments could potentially confiscate assets or force investment into specific securities such as U.S. treasuries. Moreover, Greyerz warns of the risks associated with investments in Bitcoin and Gold ETFs, emphasizing the need for owning physical gold stored outside the banking system for effective wealth preservation. Despite an overall gloomy prediction for the global economy, Greyerz urges investors to focus on non-monetary values such as family ties and personal relationships.

Time Stamp References:
0:00 – Introduction
1:30 – Wealth Vs. Living
2:33 – Gold Fundamentals
12:55 – Dollar & Debt Outlook
18:17 – BRICS & Russia
20:22 – C.B. Gold Buying
29:42 – U.S. Gold Holdings?
33:25 – Counterparties & Audits
34:49 – Scarcity & Balance
37:04 – Inflation & Wars
39:16 – Fed & Rates
44:10 – Other Assets?
47:38 – Gold ETF Concerns
51:08 – Concluding Thoughts
53:22 – Wrap Up

Talking Points From This Episode

  • Why Gold reliably retains purchasing power over time, unlike fiat currencies.”
  • Exponential gold price rise predicted due to increasing demand, limited supply.
  • Greyerz cautions the risks of potential government confiscation of assets in banks.
  • He also notes that the best things in life are free and help those around you.

Guest Links:

Egon von Greyerz is Founder & Managing Partner of Von Greyerz Gold Switzerland

Egon began his professional life in Geneva as a banker and thereafter spent 17 years as the Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the UK.

During the 1990s, Egon became actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Von Greyerz as an asset management company based on wealth preservation principles.

Von Greyerz is now the world’s leading company for direct investor ownership of physical gold and silver outside the banking system. Our vaults include the biggest and safest gold vault in the world, located in the Swiss Alps. Clients include High Net Worth Individuals, Family Offices, Pension Funds, Investment Funds and Trusts in over 90 countries.

Egon makes regular media appearances and speaks at investment conferences around the world. He also publishes articles on precious metals, the world economy and wealth preservation.

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