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My boy Egon, the Gloom and Doom laureate of financial markets, is out with another call…

Posted by Richard640 @ 9:59 on May 24, 2019  

Bet you can’t guess what it is!!

WITHOUT GOLD THE WEALTHY WILL BE WIPED OUT–The world is about to experience the biggest wealth destruction in history,Egon von Greyerz

May 24, 2019

Neither the publisher of the list, nor a single one of the 1,000 wealthy UK individuals realise that in the next 5-10 years they will have lost on average at least 75-90% of their wealth in real terms. The world is about to experience the biggest wealth destruction in history which will destroy the artificial paper wealth that central banks have created. This will of course happen worldwide.

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The massive explosion of wealth in the world could be a sign of general prosperity but that is certainly very far from the truth. The printed money and credit expansion has only benefited a very small minority. The gap between the rich and the poor is getting ever wider but it will soon shrink dramatically.

 

Neither the publisher of the list, nor a single one of the 1,000 wealthy UK individuals realise that in the next 5-10 years they will have lost on average at least 75-90% of their wealth in real terms. The world is about to experience the biggest wealth destruction in history which will destroy the artificial paper wealth that central banks have created. This will of course happen worldwide.

NONE OF THE WEALTHY OWNS GOLD

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.