The consequences of the total economic mismanagement by world governments and central banks for the last hundred years will eventually result in my forecast of $10,000 gold and $500 silver being fulfilled.
The commentary above & below consists of edited excerpts from an article* by Egon von Greyerz of Matterhorn Asset Management (GoldSwitzerland.com).
$10,000 gold is not sensational…Remember that the $10,000 gold is a forecast in today’s prices – but I don’t believe we will have today’s prices. Instead we will have hyperinflation leading to $50,000 gold which is Jim Sinclair’s forecast or 100 trillion Marks like in the Weimar republic. The latter forecast would be the result of the $1.5 quadrillion derivatives imploding.
…[My] forecast that stock markets will go down by up to 95% or precious metals up by 100s of percent is all in relation to the excesses that we have seen over the last 100 years. When bubbles burst, unexpected as well as uncontrollable events will take place.
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