Von Greyerz: The Nightmare Scenario For The World | WHAT REALLY HAPPENED

Von Greyerz: The Nightmare Scenario For The World

Authored by Egon von Greyerz via GoldSwitzerland.com,

“Gold has no role in portfolio of wealthy clients” said the chief investment officer of Goldman Sachs’ private wealth management in the week that gold in US dollars went up by over $100 and made a new high of $1,984.

Many found this statement puzzling as another Goldman department previously has told clients not to sell anything gold.

The CIO went on to say: “Our view is that gold is only appropriate if you have a very strong view that the US dollar is going to be rebased. We don’t have that view.”

100 TRILLION GOLD IN WEIMAR REPUBLIC
What 0.5 to 1 Dow-Gold ratio means in price is impossible to say today. It could be $20,000 gold and 10,000 Dow. It could also be $50,000 gold and 25,000 Dow. And if hyperinflation takes hold, which I think is very likely, we could see $100 billion gold. At that point I would expect the ratio to collapse in line with most stocks and be substantially below 0.5 to 1. Gold at $100 billion might sound sensational but remember that the world has seen a lot higher gold in fiat money.

In the Weimar Republic in 1923 gold reached Marks 100 trillion.

Webmaster's Commentary: 

If you CAN put some gold/silver away in your private stash, now is the time to do it.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA