Von Greyerz: The World Will Never Be the Same

The comments below are an edited and abridged synopsis of an article by GoldSwitzerland.com

In this interview, Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of Covid-19 and the coming economic depression will change the world forever.

Von Greyerz: The World Will Never Be the Same | BullionBuzz
After Quarantine and Covid-19 Pandemic of Coronavirus – The world will never be the same again.

We are now heading for a hyperinflationary depression that will eventually lead to a deflationary depression. The next couple of years will not be a pretty picture, and many people will suffer.

It has all been too easy, with governments and central banks printing money that has given an illusory high standard of living.

But the world will now discover that printed money has no value, and that you can’t solve a debt problem with more debt.

Although times will be hard, there are always opportunities for people who are willing to work, as long as they don’t depend on worthless printed money and bankrupt governments.

Egon’s message has been consistent for 20 years. The risks in the world are unprecedented due to the massive debt and asset bubbles, and wealth preservation in the form of physical gold and silver is essential. Gold and silver are dramatically undervalued, and soon it will be impossible to buy precious metals at these prices.

Other areas covered by Egon and Paul: every hyperinflationary event in history came as a result of the debasement of currency; the disconnect between the paper market and the physical market in oil and gold; why you shouldn’t buy gold ETFs; and how real estate compares to gold and silver.

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