"The GLD Gold Vault is Being Drained", page-6

First 6 Last

Share
Profile

Follow
Skol

33,880 Posts.

1411

23/10/14

02:41

Post #: 14166792
Share

Originally posted by AverageJoe ↑

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=257398&sn=Detail

Excerpts

Meanwhile Swiss fund manager Egon von Greyerz, whose views would put him naturally into the Yes camp, commented in an interview on King World News that the Swiss government is against this initiative, like all governments are, because it takes away from them their ability to manipulate the currency and gold markets. He goes on to say that the government continues to argue that gold is not good for the country. He noted that the Swiss Finance Minister called gold ‘A risky asset,’ and therefore not be held by Switzerland. However he goes on to make the point that in his view she is totally wrong because it’s the Swiss franc that is risky, not gold. The Swiss franc has already fallen 50 percent against gold, he said, in just the last 15 years, and it’s gone down 90 percent against gold since 1914.
As a hard money Austrian school of economics adherent, von Greyerz reckons that, given the retention of the status quo if the No vote prevails, this will remain the case because governments always print unlimited amounts of money. He says that Switzerland has printed more than any other country in the world on a relative basis since 2008 - 400 billion Swiss francs in order to buy risky euro assets and other foreign currency assets in order to keep the Swiss franc low.

Expand

Egon Von Greyerz, another gold scamster that should be behind bars that gullible goldbugs quote slavishly.

Gold 'expert', von Greyerz forecast gold to go to $6000 - $10,000.
1 Upvote

Reply

Top Stories

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Close: How a megadam in Tibet pushed us into the red

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

FBU

Fletcher Building 'exploring options' around construction division sale

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

"The GLD Gold Vault is Being Drained", page-6

Top Stories

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Close: How a megadam in Tibet pushed us into the red

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Fletcher Building 'exploring options' around construction division sale

Resolution Minerals appoints industry experts to fast-track US growth strategy

Featured News