In an Illusory World… Gold is the Truth-Teller

The comments below are an edited and abridged synopsis of an article by Egon von Greyerz

Around the world, there are millions of investors who spend billions of hours trying to achieve a decent return on investments. The number of areas people can invest in today is mind boggling. But when it comes to financial markets, the great majority invests in stocks. And of those, few outperform the various stock market indices.

In an Illusory World… Gold is the Truth-Teller | BullionBuzz
Gold bars and Financial concept,3d rendering,conceptual image.

Von Greyerz discusses: investment management—a system of mediocrity; buying the dips will fail in the coming bear market; printed money has no value after all; if printed money is worthless, so are the assets financed by debt; in an illusive world, most values are false; global stocks are down 60% to 80% in real terms; and holders of gold will sleep well.

“The acceleration phase of stocks plunging and gold surging is imminent. We could see a stock market crash in October. At the latest, it will happen in early 2020. At the same time, gold in all currencies will move up very fast to significantly higher levels.”

“The small minority of wealth preservationists will sleep well with their physical gold and silver, whilst the majority of the asset management industry are likely to have nightmares for many years.”

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