Kapitalflucht in Gold bei Anlagenzusammenbruch
[Music]
most people don’t even know that when
they put money into the bank it’s not
their money anymore it’s not their money
they can’t go and say can I have my
money all they have is a claim on the
back on on on that money in the bank
they have just a claim ladies and
gentlemen the time flies welcome to igon
F grads last month I was already
concered what we would have to talk
about next time events are coming thick
and fast gold has reached new highs the
Middle East war is possible at any
moment and it can of course get out of
control and Ukraine also Brewing
nevertheless igon great to see you good
to see you young well you know things
always happen when you don’t expect them
but I’ve learned one thing in my
business life and in my life you have to
be patient remember that I’ve seen the
whole trend from from
1971 35 gold going dollar gold going to
$850 and um you know I’ve seen this
whole Trend which we’ve been in in in a
major way from 2000 up to now and uh you
know yeah we have to be patient because
things most of the time they go sideways
or correct and then we get these big
moves that we are expecting but we don’t
know when it’s happening now in a big
way yes the patients paid out already
and there is much more to come I think
we living in dangerous times and
precautions are now they have to be done
now including precious metals not just
but also precious metals and I think
igon we are seeing as you just mentioned
only the beginning and because if you
hear around people are taking profits
WOW gold is so high in the future that
would be a big mistake if you do that
right now what do you think
well you know you’re right this whole
move is happening without any buying
taking place from the investors or or or
public me there is Central Bank buying
and there are you brick brick countries
buying but but the the investment
Community is not buying at all at all
that’s still you look at ETF sort of
funds are going down still um and we
ourselves are haven’t haven’t seen much
buying a little bit coming in now a
little bit more but also as you say we
also seen profit taken um and of course
it’s a it’s a major mistake as I wrote
in a recent article the the exponential
phase of gold and silver rally are now
is now starting and this is going to
move very fast and very high um for
quite a long time so no and it will be
overbought many times and still continue
this is not a normal market now this is
an exp exponential Market market and we
will see major gains at and at some
point I think from much higher levels we
will see vicious Corrections obviously
even even bigger in silver because it
always moves faster but the the trend is
going to be up for several years in my
view so therefore uh the time to get is
to get onto this trend if you’re not
already in it um is now because don’t
wait for Corrections because they might
only happen from a much higher Lev l so
it’s an exciting time and um but still
remember we’re not here for the price
move we’re here for protecting wealth
and that’s what the whole thing is about
you know we are in the most dangerous
times ever in history in my view where
we have Global problems of a magnitude
that the world has not not seen before
both Financial economic and
geopolitical uh and that’s really why we
should hold gold and some silver for
wealth preservation purposes
igon what else can I say than to
completely agree with you today we’d
like to address one topic that concerns
many people the great taking there is a
book by a guy called Web the gold prices
is ever increasing let me show quickly
some charts from your recent article we
clearly took out marjinal line one and
two and now we are on the way or even
above 2,400 or close to it so that’s
clearly a very strong bull market and as
you just said nobody is buying or very
few people are buying that is the Cal
before the storm I think because still
as we discussed this also the stock
market still at elevated levels there is
no big fracture visible in the system
yet but that can come at any moment and
so the come before the
storm yes definitely are and um sadly it
will be a storm that will be very
unpleasant for the
world not just for holders of of
equities but uh you know the GE
political looks very very very dire and
difficult so um you know we we shall be
we have to be very careful and very very
protective of what we have we come to
the great taking in a few moments Egon
but one indication for me that something
critical changed is the correlation
between the dollar and the gold price
that seems to be or seems to become
weaker and weaker let’s see that goes
back until 2006 or so and it used to be
gold Rising weak dollar we see it here
or at least Gold Flat dollar
increasing but usually if the dollar
rose gold was weak but here already that
correlation seems not to work to that
extent anymore the euro is very weak on
the other hand the dollar strong of
course and gold is rising nevertheless I
think this decoupling is also a sign
that there is a strong demand for gold
no matter what the currencies are
telling right well definitely but what
is more interesting Y is that okay this
is a relatively in history this a very
shortterm chart of maybe 15 years or
so but you know if you look at gold
historically um gold is the only money
and only currency that has survived in
history every single other currencies
has gone to zero and become extinct um
uh therefore it’s such an
easy form of protecting yourself when
you know over time you can never go
wrong withholding gold because
currencies are always going to go down
against gold and you show the
shortterm move here dollar gold but if
you take you know since
1971 old currencies have gone down 97
99% because gold and since 2000 they’ve
gone down about 80% against gold so the
trend is so clear and therefore you know
whatever you shortterm strength there is
in the currency is really meaningless
because all currencies are going down
and it doesn’t matter which one comes
first to the bottom there’s no prize for
coming first to the bottom and therefore
you know you should one should not look
at currencies at any else but um the
Folly of
governments to to print money
and destroy the
currency and that’s what gold is really
revealing by always going up against all
currencies but sadly governments will of
course never tell the people that
they’re destroying their money and that
they should really hold gold instead of
of a worthless paper currency but people
will discover that now in the next few
years um because as we see I think the
acceleration um down of the currencies
is starting now and this is
why of course gold measured in in in
worthless paper money will go up
significantly but I think gold will go
up by even more than purchasing power I
think gold will in the next few years
outperform also purchasing power because
a lot of investors are going to want to
hold gold from central
banks from Sovereign wealth funds
investors funds Etc uh so and as we know
there there isn’t enough gold around so
the only only way that new investors in
Gold can
satisfy um their requirement for gold is
by P paying more for it because they’re
not going to get they’re not going to
get more um weight you’re going to get
less weight and have to pay more for it
that’s what’s going to happen so and
that’s why I get on get on this gold
wagon now before it’s too late because
it’s going to to move up in a strong way
way on again only because the currencies
are going to come down dramatically and
because the whole investment world are
going to put more money into gold and we
know we can’t produce more gold in the
world it’s about a bit bit over
3,000 from the mines coming every year
and there isn’t more that can be got out
of of the of the mines so so therefore
by if more people want gold the only way
they can get it is by paying more money
for it
uh because we can’t produce more uh so
that’s an interesting situation with a
squeezed Supply and what it’s going to
be a very strong demand interesting igon
is an understatement and I’d like to
show to our audience again this graphic
that shows how the interest payments of
the US are getting completely out of
control this one here igon we see
something changed okay if you debt level
is where it is and the interest
increases and now we saw that the CPI
and the PPI numbers came in higher than
expected so they are already afraid that
there will be not much interest decrease
this year this is a completely
unbearable situation and it speaks of
course for more gold Holdings and the
dollar will also pay the price for
printing that much and for the Q that we
can expect from this so the risk of a
financial event increases a Black Swan
yes I mean what’s interesting here is
that um you know the interest payments
are now looking like um they could be as
high as
1.6 trillion at the end of this year if
interest rates don’t go down which of
course has everyone has
forecast um but people are now starting
to question that I as you know I have
never believed that interest rates are
going down at this stage um I think the
trend changed in 2021 the long term we
had a 40-year decline of interest rates
from 1980 to
2021 and now we’re going to have a
long-term uh Trend up of interest rates
which means also of inflation the market
is not expecting that so maybe a big
surprise but even if we have so if if
there are no interest rate cuts and the
US continues to spend the amount of
money they are spending now making the
deficits they are making it looks like
the the interest on US debt could
already at the end of this year be
1.6
trillion which means that that will be
the biggest expense in the US budget and
that’s something that the US can’t
afford and as you said that will affect
the dollar in a major way of course and
plus will affect us bonds when they’ll
become you know they’ll crash and if
bonds crash rates will go up even
further uh so it’s a really real Vicious
Circle this um it’s not going to end
well yes you definitely have to take
precautions and now let’s talk about web
because you can also try to hatch the
risk with ETFs we told several times
rather avoid them or with mining stocks
other equities or maybe gold backed
bonds there are so many offers on the
market but there is a big risk
overshadowing this thing or this whole
investment idea and that’s what web
brought to light he wrote a book
recently or he published a book recently
and it all started decades ago when
Collective custody of Securities was
introduced you no longer have a sec
Security in your name but you have it
only as a book entry this made the
transactions easier there are many
positive arguments but the shareholder
became a so-called entitlement holder to
shares against an
intermediary and he says now web that if
hits the fan and such an intermediary
gets in trouble or become
insolvent then your property your stocks
bonds Etc are in danger or might be lost
let me show quickly an um paragraph from
the law it’s clearly said the purchaser
becomes an entitlement holder so he has
a legal title to this security but it’s
called an entitlement and this
entitlement can be at risk what’s your
opinion about that well 20 years ago um
I decided that I didn’t like the risk in
the world uh or we decided also as a
company um and I was extremely worried
about the
derivatives uh which have been growing
exponentially and in My Views are still
a lot bigger than what the bank of
international settlement reports of
about 600 trillion but 600 trillion is
big enough um because you know that’s
that’s about six um six times world GDP
so that’s more than the world could cope
with you know everything now is is
backed by derivatives or everything
consists of derivatives more stock funds
um ETFs bond funds everything is a
derivative very few the instruments are
very often just a very small part of
that and the rest is Leverage
in my view derivatives could could be as
high as two quadrillion um because of
the Shadow banking system Etc not the
600 trillion that the bis is reporting
so this this is a this is a ball of
fire this this is a nuclear weapon as
Warren Buffett said nuclear weapon of
mass destruction this derivative M and
basically what you saying no nobody
actually owns anything directly it’s all
all in indirect form and then it’s been
leveraged and re hypothecated many times
over so that actually is you you’re most
people end up earning nothing and most
people don’t even know that when they
put money into the bank it’s not their
money anymore it’s not their money they
can’t go and say can I have my money all
they have is a claim on the on on on
that money in the bank they have just a
claim and and if the bank loses money
somewhere else your money is gone uh
because it it was never your your money
the day you put it into the bank is not
yours any anymore you have you’re just a
normal creditor to the bank um so um
it’s a very dangerous Financial world
and this David Weber has of course
highlighted this in in the book and
there’s a film also that you can find on
on YouTube he actually happens to I mean
know say I’m partly um one of my home
countries in Sweden in Switzerland also
got two passports from birth um but um
he actually lives in Sweden David web I
haven’t met him but I’d like to meet him
maybe a will this summer interesting and
he says also igon that they use your
securities or your securities that you
have in your bank account which puts the
bank as an intermediary between you and
the security by the way only and then
the deposit
trust Corporation also or clear stream
which again are very small capitalized
do not have a big big Capital so in case
of an emergency they have to be
protected by the state Maybe by printing
money so it’s all so you you can hardly
keep um the overview how complex this is
but let me read a little part from web’s
book essentially all Securities owned by
the public in custodial accounts pension
plans and investment funds are now
encumbered as collateral underpinning
the derivatives complex which is so
large an order of magnitude greater than
the entire global economy that there is
not enough of anything in the world to
back it that’s what you just mentioned
igon so it’s a house of cards that will
for sure crumble down which brings us to
the exitor pyramid or the exitor funnel
and that is very interesting because
when it comes crumbling down from top to
bottom then they will flee into gold
here it is credit default weeps so we
have the derivatives complex on top and
then it becomes the more down we get
more secure but treasury builds okay
okay we will see how secure they are but
then at the bottom we see gold and when
this complex crumbles I think we will
see igon gold prices that nobody can
imagine today that’s correct and I’ve
been saying that for quite a while gold
and silver also but you know gold is is
the number one this is the king of the
metals um and gold will reach levels
that no one can imagine today as you
said so that that’s a fact and that’s
not Sensational in any way and and of
course this pyramid is as it shows there
is inverted here um as it’s shown but of
course the the uh bottom of this pyramid
or the foundation more importantly you
should call it uh should be gold this
whole system should rest on gold uh now
it’s resting on um just fake instruments
whether that’s fake money or or fake
derivatives and derivatives of course is
the the biggest financial asset there is
today as we said um 600 trillion
officially and I think it could be in
the quadrillions um and that in my view
and I’ve been talking about that in many
articles I think that at some point this
uh these derivatives will come under
attack and of course counterparty will
fail
um and when counterparty fails you know
that then um the whole system will
implode in the beginning central banks
will try to print money um to save the
derivatives Market but you know you
cannot when you talk about world GDP
being 100 trillion and you talk about at
least 600 trillion of derivatives and as
I said might be in the quadrillions
that they cannot print enough money and
the money they print will become
worthless but initially it will become
Bank debt and that’s why Bank debt will
increase uh exponentially uh but it’ll
be meaningless because it’ll be totally
worthless um and at some point in the
next few years that will implode and
then we’ll have a real problem in the
financial system then there’ll be Bank
closures uh and U um then there’ll be
defaults um stock markets will crash
uh bond market will crash money will be
worthless uh there will be absolute
catastrophe uh in the financial world
and sadly as we discussed before we have
no world where also the the geopolitical
side is also extremely fragile so we’re
in for very dangerous times Nan as we as
we mentioned in in the
beginning that’s what David we is
talking about on the financial side and
and yes I have a great feel that it is
going to materialize that and it might
materialize quicker than we think and
there is one important note igon we just
said if the counterparty risk pays out
and the financial system is crumbling be
careful where you hold your protection
that is very important to have it
outside the banking system for instance
your gold your gold Holdings I think
that will be a key issue something to
note even if you have a bit higher fees
now you have to get your gold precious
metal whatever out of the banking
system yes and this is why you we
created this for ourselves about 20
almost 25 years ago a system where you
would hold your your gold and silver
directly outside the banking system with
direct access um and now you know this
25 years ago and and still of course
there’s only half a percent of world
finance Assets in gold today so most
people haven’t woken out to it yet and
and the problem is that you know the the
most when people try to get out of what
they have and buy gold the first of all
lot of people will stay in and and Ride
The Market stock market bond market all
the way to the bottom because they will
always hope for a recovery um so they
won’t even have any money to buy gold
for it would only be a fraction of
investors who buy gold but you know if
if gold bu if World Financial ass has
went from half a percent uh into gold to
1% one and a half that’s more than the
gold market could ever take and it will
so so that’s that’s the only type of
increase that actually the gold market
could satisfy um and that’s still
minuscule of course so most people will
stay in what they have they will not
sell they will sell at the bottom that
most investors do um and and there will
be a tremendous
tremendous uh reduction in in wealth in
the world uh because of this implosion
um and at the same time a massive um
massive growth of debt of course and
debt that will never be repaid so better
get your gold now and if you play in the
stock market who knows if web is
completely right there is for instance
Martin Armstrong who said
that’s all not the case you have your
stocks and if they would take you
everything like they did with the gold
in the 1930s that would be a revolution
so don’t worry about that I’m not so
sure we are living in crazy times but if
you are in the market with stocks
derivatives be ready to jump out at any
moment and rather put a larger part of
your money into physical Metals a final
statement igon
yes John we have discussed something
that most people don’t believe in today
because investors are fully invested in
stock markets fully invested in property
Market the ones with money Surplus money
um and in bond markets and and they have
woken up to what’s happening and and
it’s very sad that All These Warnings
that well we’ve given or not been giving
for given for 25 years uh they still
they’re not reacting but you all we can
say is just think about don’t think
about now don’t be greedy don’t try to
just make that extra one or two% in the
stock market T instead protect your
99% um by holding a real physical asset
outside the financial system that
throughout history is the only money
that has survived and which will be your
best insurance against what’s going to
happen in the next few years um and
that’s really what people should think
about and then as I always say at the
end of the day it’s all about people
friends and family Etc so take care of
your family take care of your friends
and and enjoy life as long as we can
thank you Aon that was a good final
statement again who knows what we have
to talk about next months stay healthy
and till then bye-bye thank you thanks
thanks very much thank you thank you bye
[Music]
Die Weltlage ist in vielerlei Hinsicht angespannt, doch bisher finden kaum Goldkäufe von Investoren statt. Zentralbanken und BRICS kaufen weiterhin. Gold steigt mittlerweile in allen Währungen und die frühere negative Korrelation zum Dollar scheint aufgehoben. Die USA steuern auf eine Zinsbelastung von 1,6 Billionen $ bis Jahresende zu. Wer mit sammelverwahrten Wertpapieren im Markt ist, könnte laut David Rogers Webb eine böse Überraschung erleben, denn man habe die Wertpapiere ja nicht direkt, sondern nur Ansprüche auf sie. Fällt das Kartenhaus, werden riesige Summen in Gold flüchten, denn es ist die schmale Spitze der invertierten Exter Pyramide. Viele Anleger werden auf vergebliche Erholungen hoffen und riesige Verluste erleiden. Sorgen Sie jetzt vor mit Assets außerhalb des Bankensystems.
Deutsche Untertitel finden Sie im YT-Player.
0:00 Intro
2:10 Trotz gefährlicher Weltlage sind private Goldinvestments sind weiter niedrig, BRICS und Zentralbanken kaufen
3:20 Warten Sie beim Gold nicht auf Korrekturen, lieber jetzt dabei sein
4:20 Gold bewegt sich weiterhin ohne jede Euphorie stark nach oben
5:30 Gold steigt in allen Währungen, Dollarstärke spielt keine Rolle mehr
6:45 Die Geschichte ist unbestritten, nur Gold hat als Währung je überlebt
8:15 Regierungen werden niemals zum Goldbesitz raten, sie zerstören das Papiergeld
9:40 Das Goldangebot ist begrenzt, höhere Nachfrage kann nur über den Preis befriedigt werden
11:15 Die USA könnten bald 1,6 Billionen $ Zinsen jährlich auf Staatsschulden zahlen
12:45 Sind Wertpapiere in Sammelverwahrung sicher? David Rogers Webb sagt: Nein
14:10 Der Wert des Anspruchs auf ein Wertpapier ist im Notfall zweifelhaft
15:00 Das offizielle Derivatevolumen von 600 Billionen $ entspricht dem Sechsfachen des Welt-BIP
16:15 Ihr Geld auf einem Bankkonto ist nur ein Anspruch gegen die Bank
17:55 Wertpapiere dienen, so Webb, zur Stützung des gigantischen Derivatekomplexes
18:55 Mit dem Zusammenbruch der Anlagen wird immer mehr Geld in Gold flüchten
20:30 Wenn Gegenparteien ausfallen, bricht das System
22:10 Assets zum Vermögenserhalt sollten außerhalb des Bankensystems verwahrt werden
23:10 Die Masse der Anleger wird in traditionellen Anlagen bleiben und riesige Verluste erleiden
24:30 Armstrong teilt die Sorgen von Webb nicht, dennoch ist große Vorsicht angebracht
25:30 Vermögenserhalt ist jetzt wichtiger als riskante Aktienkursgewinne
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