BREAKING: Egon von Greyerz Just Warned Swiss Refiners Have Halted Gold Production!

https://kingworldnews.com/breaking-egon-von-greyerz-just-warned-swiss-gold-refiners-have-ceased-production/

We must remember that 70% of all gold bars are produced in Switzerland and that the 3 biggest refiners are in Ticino where the local government  has ordered non-essential factories to close. 
The likely outcome of gold production stopping should be a much higher gold price on Monday. But we obviously don’t know if the BIS and the bullion banks will hit the  gold market with $ billions of paper gold. Whatever they do in the short run, the market will soon discover that all this paper gold is worthless. 
The gold mining stocks are also likely to suffer until the situation is clarified since they have lost their biggest buyers. 
Please remember that the principal reason to hold physical metals is for insurance and wealth preservation.

Egon von Greyerz – On The Cusp Of The Biggest Financial And Economic Collapse In History

https://kingworldnews.com/egon-von-greyerz-on-the-cusp-of-the-biggest-financial-and-economic-collapse-in-history/

The Reality Is The Financial System Could Fail At Any Time

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/22_The_Reality_Is_The_Financial_System_Could_Fail_At_Any_Time.html

One Of Legendary Jim Sinclair’s Boldest Predictions Ever

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/14_One_Of_Legendary_Jim_Sinclairs_Boldest_Predictions_Ever.html

Greyerz - Gold & The Incredible Financial Destruction We Face

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/1_Greyerz_-_Gold_%26_The_Incredible_Financial_Destruction_We_Face.html

Greyerz - One Of The Most Important Charts Ever

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/1_Greyerz_-_One_Of_The_Most_Important_Charts_Ever.html

Greyerz - Gold to Hit $3,500 - $5,000 in 12 to 18 Months

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/13_Greyerz_-_Gold_to_Hit_%243%2C500_-_%245%2C000_in_12_to_18_Months.html

The downfall of western civilization

* 0:45 The credit growth since the end of the Gold Standard, along with consumer debt, and the wealth we've created in the last 40 years is based on credit, not on "good times."
* 2:55 Government post financial crisis have patched things up for the banks with $20 trillion, but the same problems are there. And none of this has helped people, with surging unemployment rates.
* 5:00 Austerity measures will lead to deflationary collapse, and banks will collapse in this scenario because none of the loans will be repaid.
* 6:05 The long trends are now a structural decline of the west, which could last 20-100 years, and the east will rise. But China and India will suffer during this correction, with their domestic economies pulling them out of it faster.
* 7:10 Gold will play a major role in the future because it will be part of a future reserve currency.
* 8:23 Gold merely reflects the printing of money, 1 ounce of gold is supposed to buy a man's suit throughout history.

Another doomsday prediction

This forecast is from Matterhorn Asset Management, a Swiss-based wealth management firm. Obviously, Egon von Greyerz ia a proponent of the Austrian School of Economics, and a disciple of Ludwig von Mises.

http://matterhornassetmanagement.com/2009/12/07/gold-is-not-going-up-paper-money-is-going-down/