Market analyst announces the collapse of ‘everything’ and calls for coverage in gold and silver before there is nothing left Cryptocurrencies and ICOs

Egon von Greyerz, a market analyst and founder of Matterhorn Asset Management, predicts the collapse of the central bank system in the coming years due to increasing currency and debt issuance. Von Greyerz says that in an economy with no buyers, the only cover will be tangible assets, including gold and silver.

The collapse of ‘Everything’

Egon von Greyerz, the founder of Matterhorn Asset Management, has recently expressed concern about the state of the core banking system in a article titled “The Everything Collapse”, where he details how the economy could collapse in the next few years, calling on people to cover their savings in gold and silver.

Von Greyerz claims that current macroeconomic problems stem from the uncontrolled issuance of fiat money and debt, manipulated by central bank moves.

He believes that the 2008 market crash, the subprime mortgage crisis, the wild swing in Treasury bond rates and the inflation boom have all been produced by the current core banking system. Von Greyerz states:

The debt that has accumulated has now reached levels that mean the financial system is now too big to survive.

Von Greyerz explains that central banks are vigilant in stopping bank collapses, as evidenced by what has already happened with Silicon Valley Bank and Credit Suisse. However, he believes that issued controls, such as the insurance set up by the Federal Deposit Insurance Corporation (FDIC), which insures just 0.7% of the $18 trillion in deposits, are doomed to fail.

This means that governments will have to start printing more money to save the system.

Gold and silver: the ultimate hedge

In his article, Von Greyerz points out that all assets are priced on margin, and as investors abandon the stock market and other markets, such as the real estate market, assets may plunge by 70% or even zero. . He affirms:

If there is one seller and no buyers in the real estate market, the price of all houses will drop to zero. The same is true for the stock market. But as investors race for the exit, most will not, as at some point there will be no buyers at any price.

In this hypothetical situation, Von Greyers recommends paying all debts to avoid suffering bank seizures and jumping to tangible assets. In the long run, however, he recommends a flight to safety by investing in precious metals such as gold and silver, before demand leaves current supply at zero. He concluded:

Currently, all production is absorbed and any increase in demand cannot be met by an increase in supply, but only by much higher prices. We could come to a situation where there is no silver or gold available at any price.

What do you think about the possible collapse of the financial system discussed by Von Greyerz and the value of gold and silver as protection for investors? Tell us in the comment section below.

sergio goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as someone who was late to the game, entering the cryptosphere when the price spike occurred in December 2017. With a background in computer engineering, living in Venezuela and being impacted by the rise of cryptocurrencies on a societal level, offers a different point of view. about the success of cryptocurrencies and how he helps the unbanked and underserved.

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