- Egon von Greyerz, Founder of Gold Switzerland says it is time for investors to batten down the hatches; unlike the years 2000 and 2008 financial fiascos, 2022 could rival both in risk and volatility.
- Gold, silver and mining shares are "incredible values... potentially moving up by multiples."
- Egon notes that central bank monetary-schemes disrupt Adam Smith's invisible-hand, leading to increased uncertainty, the antithesis of their stated purpose.
- Amid record monetary expansion in the wake of the 2019 pandemic, the near zero-money mechanism is unwinding via rate hikes by the FOMC and their cohorts; the resulting deleveraging will exacerbate the fiasco.
- Key takeaway: Amid unparalleled paper-money printing and eroding purchasing power, wealth preservation requires a bullion allocation ratio of 80% gold and 20% silver.
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.
