{"id":23215,"date":"2017-03-12T11:41:51","date_gmt":"2017-03-12T16:41:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23215"},"modified":"2017-03-12T11:44:28","modified_gmt":"2017-03-12T16:44:28","slug":"gold-in-uncertain-times-the-west-doesnt-get-it-theyve-been-indoctrinated-by-paper-money","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23215","title":{"rendered":"Gold In Uncertain Times: &#8220;The West Doesn&#8217;t Get It&#8230; They&#8217;ve Been Indoctrinated By Paper Money&#8221;"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-03-11\/gold-uncertain-times-west-doesnt-get-it-theyve-been-indoctrinated-paper-money\">Gold In Uncertain Times: &#8220;The West Doesn&#8217;t Get It&#8230; They&#8217;ve Been Indoctrinated By Paper Money&#8221;<\/a><\/h3>\n<section class=\"messages-holder\"><\/section>\n<div class=\"tabs\">In this fascinating interview on RealVision TV, Grant Williams and Egon von Greyerz cover a very broad range of subjects from\u00a0<strong>gold, wealth preservation to debt, interest rates, Brexit, the EU and much more.<\/strong><\/div>\n<section class=\"node node-type-story node-full node-nid-590105 ads-injected\">\n<div class=\"content\">\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe loading=\"lazy\" id=\"fitvid839303\" src=\"https:\/\/player.vimeo.com\/video\/201008947?color=31fee8&amp;title=0&amp;byline=0&amp;portrait=0\" width=\"300\" height=\"150\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>The interview was recorded in London at the end of 2016 but the discussion is timeless and extremely relevant in regard to future events and risks.<\/p>\n<p><strong>The biggest risks ahead according to Egon is the global bond markets.\u00a0<\/strong>He predicts rates going to very much higher levels like in the 1970s. That will lead to more money printing, faster currency debasement and the demise of the bond market.<\/p>\n<p>Grant and Egon also discuss that\u00a0<strong>in every period of panic and crisis combined with economic mismanagement, which we are seeing today, gold has always acted as insurance.<\/strong>\u00a0The setup is now perfect for gold to act to protect wealth against the coming problems in financial markets and the world economy&#8230;&#8221;<em>the Indians know this, the Chinese know this but the West doesn&#8217;t understand because they have\u00a0<strong>been indoctrinated by paper money<\/strong>&#8230;&#8221;<\/em><\/p>\n<div id=\"el_923890791\" class=\"hidden\" data-google-query-id=\"CJiVn9Sz0dICFUcSGwodhYEIOg\"><\/div>\n<p>As inflation rises institutions will be obliged to hold gold as a hedge. Since gold production is coming down substantially over the next 8 years there will be less gold available.\u00a0<strong>No one will trust paper gold.<\/strong>\u00a0This will lead to major upward pressure in the price of physical gold.\u00a0<strong>Future increases in demand can only be satisfied at much higher prices.<\/strong><\/p>\n<p>*\u00a0 *\u00a0 *<\/p>\n<div class=\"injected-ad-wrapper\"><\/div>\n<p><strong>Full interview below:\u00a0<\/strong>One of the most respected names in the gold market, Egon von Greyerz illuminates the discussion on the long term trend for the precious metal, against the current climate.<\/p>\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe loading=\"lazy\" id=\"fitvid112421\" src=\"https:\/\/player.vimeo.com\/video\/201007978?color=31fee8&amp;title=0&amp;byline=0&amp;portrait=0\" width=\"300\" height=\"150\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p><a href=\"https:\/\/goldswitzerland.com\/egon-von-greyerz-meets-with-grant-williams\/\"><em>Source: GoldSwitzerland.com<\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Gold In Uncertain Times: &#8220;The West Doesn&#8217;t Get It&#8230; They&#8217;ve Been Indoctrinated By Paper Money&#8221; In this fascinating interview on RealVision TV, Grant Williams and Egon von Greyerz cover a very broad range of subjects from\u00a0gold, wealth preservation to debt, interest rates, Brexit, the EU and much more. The interview was recorded in London at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[10262,14995,309,5943,374,1429,1100,14996,965],"class_list":["post-23215","post","type-post","status-publish","format-standard","hentry","category-economics","tag-east","tag-egon-von-greyerz","tag-fiat-currency","tag-global-bond-markets","tag-gold","tag-grant-williams","tag-paper-money","tag-realvision","tag-west"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23215"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23215\/revisions"}],"predecessor-version":[{"id":23217,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23215\/revisions\/23217"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}