On the heels of another wild trading week, today a 42-year market veteran spoke with King World News about the coming chaos that investors around the world need to brace for, as well as $12,000 gold, $50,000 gold and much more. Below is the incredibly powerful piece by Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, where he also includes 3 astonishing charts.
By Egon von Greyerz Founder Matterhorn Asset Management
April 4 (King World News) – $12,000 Gold, $50,000 Gold & The Trade Of The Decade
“The US stock market continues its rise to dizzy heights. The rise has very little to do with economic fundamentals but is more a function of money printing and the weak dollar as I showed in my KWN article “The Death Of The Dollar & Gold’s Rise.”
The US in now slowly entering its hyperinflationary phase. Food prices are already up 19% in the first three months of 2014. On an annualized basis that is 76% which is a clear sign that hyperinflation is already starting….