What's your price target for gold?

Watch the full 28-minute interview at http://www.goldmoney.com/greyerz-interview. James Turk asks Egon von Greyerz of Matterhorn Asset Management what his target for the future gold price is, he repeats his 8000$ per ounce by 2013-15 prediction. Egon's target was 6-12 thousand $/oz, however they both think that in view of current developments their previous estimates could be too conservative. They talk about hyperinflation and monetary crisis as a result of money printing. They discuss the coming monetary crisis and the importance of holding gold outside the banking system. They remark that the gold price is rising despite the fact that only 1% of world financial assets are in precious metals and that when the rush by fund managers to buy gold starts prices will go parabolic.

Category:

News & Politics

Tags:

• gold standard
• fiat money
• egon von greyerz
• james turk
• hyperinflation
• video
• gold price

[puapake]

I think the perception of silver will change from under valued and disrespected to being a very close cousin of platinum.

[73cupcake]

@puapake Boy I hope you are right! :)

[Dreama40]

Will 500 ounces of silver be enough?

[Dreama40]

Me 2 !!

[fuzzywzhe]

@73cupcake "Boy I hope you are right! :)"

No, you don't.

Gold and silver are insurance - against calamity. If they go to sky high prices, it will be because the world is screwed.

[BatusaiJack]

@DRAGONKINGOFTIBET well don't go telling the govt you have it. You never know they might get desparate and try to take it from you just as they did back in the 30's during the depression.

[DRAGONKINGOFTIBET]

can we keep physical gold at home say 30 kilogram of gold. he says kep it out of the bank system so that means home right . will the govt kick my ass if i keep it at home.

[BobCat1943]

Okay, thanks. I thought he was referring to some alternative paper currency: e.g., Swiss or other.

[mysql0]

@BobCat1943 He considers gold+silver as a safe currency, particularly gold.

[BobCat1943]

Several States in the U.S.A. are already starting to accept gold and silver coins as "currency".