**Von Greyerz: Forecasting The Gold Price Is A Mug's Game**

Von Greyerz: Forecasting The Gold Price Is A Mug's Game

_Authored by Egon von Greyerz via GoldSwitzerland.com,_ (https://goldswitzerland.com/forecasting-the-gold-price-is-a-mugs-game/)

Most investors are totally ignorant of the purpose of gold or its historical significance.

After all, Gold is the only money that has survived in history but virtually nobody is aware of this vital information.

That’s why only 0.5% of global financial assets are invested in gold. Still most people put their trust in paper money.

In spite of the title, in this article I will be a Mug for a day and make some gold and silver projections.

Investment managers ignorance of gold is mainly due to the fact that they can’t churn commission by holding physical gold.  Their primary job is to convince investors that they have superior skills and knowledge of the market. Still, 99% of these so called _experts_ underperform the market by a wide margin.

Most of them, for example, are not aware that their clients could have put their money into gold at the beginning of this century and today would have seen their investment multiply  7 times or more depending on their base currency.

?itok=rcU0ahwx (?itok=rcU0ahwx)

But that would have been too simple since it takes away the whole mystique of the asset management industry with their trillions of dollars of investments.

Ok, gold was up substantially in the last couple of decades. What about going forward? Should investors put their money with the experts who will then buy stocks, bonds and property investments which have had more than a century of printed money pushing values to bubble territory?

Well, the unequivocal reply to that is obviously YES.

Since governments and central banks are the biggest supporters of gold by continuously destroying the value of paper money, gold ownership is a **SINE QUA NON (Must).**

The Everything Bubble is likely to turn into the “ **Everything Collapse”**(link below) with all the bubble assets declining between 75% and 95% in real terms.

After all; assets inflated by fake money must clearly be fake.

The biggest collapse will obviously be the $300 trillion debt market. But before this debt collapse, Western governments and central banks will have drowned financial markets in what my colleague Matt Piepenburg calls mouse-click money.

And they will wear out many batteries and mice before this is finished.

We saw during the Ides of March (Shakespeare), which is an ominous time in mid March when Julius Caesar was murdered. This Ides of March this year contained the death of 4 banks; one Swiss, and three US within a matter of days.

After the 2008 banking crisis, it was declared that there would be no more bailouts but only bail-ins. They were brave words at the time which we know wouldn’t hold.

The rumours of depositors withdrawing hundreds of millions or billions from Credit Suisse or Silicon Valley Bank meant that the central banks only had hours to save the system.

Bank runs are no longer made by depositors queuing at the door but by spreading the news in minutes via Social Media.

To stop an instant collapse of the system, the Central Bankers had to backstop everything. So we are back to bailouts again. And what we have seen so far is just the sheer beginning. The system is Rotten (BANCA ROTTA) as I wrote in a recent article **–**

_**“FIRST GRADUALLY THEN SUDDENLY – THE EVERYTHING COLLAPSE”** (https://goldswitzerland.com/first-gradually-then-suddenly-the-everything-collapse/) ._

_?itok=-yZHMTXn (?itok=-yZHMTXn)_

The outstanding $2+ quadrillion of global derivatives are very likely to turn into debt as counterparties fail. That’s when the real money printing starts. But there are so many areas of unprecedented global risk of a magnitude never seen before in history. (“WILL NUCLEAR WAR, DEBT COLLAPSE OR ENERGY DEPLETION FINISH THE WORLD?” (https://goldswitzerland.com/will-nuclear-war-debt-collapse-or-energy-depletion-finish-the-world/))

Since Western Governments and Central Banks know that the system is on the verge of collapse, they are doing all they can to control the people. Covid vaccines, lockups, global warming were just the beginning. Next is CBDCs (Central Bank Digital Currencies). This will be the most perfect way for governments to control their people by having full control of their money. So especially the West is at a risk of coming under totalitarian control.

**MITIGATE THE RISK BY OWNING PHYSICAL GOLD AND SILVER**

There are obviously very few who have the possibility to…

https://www.zerohedge.com/personal-finance/von-greyerz-forecasting-gold-price-mugs-game