The founder of Matterhorn Asset Management and goldswitzerland.com, Egon von Greyerz, returns with commentary on his latest must-read article, "Global Monetary Commodity Inferno." Consumers should expect a continuously increasing erosion of their purchasing power amid epic global financial bubbles. Ominous signs could continue to flood the business headlines, including bank failures and currency volatility. Case in point, it suddenly requires nearly a quarter a million rubles to purchase a single ounce of gold, representing an extraordinary loss of purchasing power, over 99%. In addition, the risk of hyperinflation was recently added to the watchlist of key financial institutions, Mr. Egon concurs. His ideal panacea, gold has the support of 5,000 years of history.
Our guest is also concerned by the prospect of worsening conflict between the global superpowers, noting that seldom is warfare a central theme throughout history. The key to financial survival involves understanding volatility / risk, which our guest identifies in the form of physical gold and silver.
Mr. Greyerz graciously offers his top calibre investment wisdom, pro-bono to GoldSeek readers / subscribers; we encourage everyone to bookmark goldseek.com and goldswitzerland.com
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at GoldSeek.com Radio.
He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
