Egon von Greyerz: Gold to rise by over $200 a day
Victoria Hewitt-Marsh, News Editor
3 Mar 2014, 10:38 a.m.
Legendary investor and founder of Matterhorn Asset Management Egon von Greyerz told King World News that gold is as good value today as it was back in 2000 when it was trading at $300.
Greyerz believes the world’s financial system is bankrupt and is concerned that all the money printing since 2008 could potentially result in a worldwide hyperinflationary depression.
In addition, Greyerz believes the Western central banks don’t have any gold left and once this is understood by the markets gold will rise by several hundred dollars a day.