Gold will continue to do what it has done for thousands of years: hold it’s value against depreciating fiat currencies. This means it will take an increasing amount of fiat currency units to buy a given quantity of gold. From Egon von Greyerz at

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. 

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. 

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