Gold bug Profile: Egon von Greyerz

JP Buntinx
July 9, 2020

Keeping tabs on the many gold and silver bugs is crucial before making any investments. Some of these individuals have much broader insights than others. That doesn’t necessarily improve their chances of success, but it is still worth paying attention to. 

Who is Egon von Greyerz?

Gold aficionados will have encountered the name of Egon von Greyerz before. He is a well-respected individual in the financial sector, and currently serves as Founder and Managing Partner of Matterhorn Asset Management and GoldSwitzerland. This further affirms his vision on the gold and silver markets, both of which saw ample momentum in 2020 so far. 

What makes Egon such an interesting individual is how he foresaw the financial crisis of 2008. Not just the crisis itself, but he warned the world about this problem years in advance. Back in 2002, he effectively recommended investors to begin diversifying their portfolio by looking closer at precious metals. During this time, gold was valued at just $300.

In fact, von Greyerz was confident that allocating up to 50% of one’s portfolio to gold and silver could pay off handsomely. He certainly got that sentiment right, as both gold and silver successfully blew up ever since. A very strong indication of why paying attention to precious metals has always been crucial.

Learning From the Past

Claiming how financial ruin is upon the world is easy. Effectively backing up those claims with evidence and information is something else entirely.  Egon von Greyerz learned a lot from his previous jobs in the financial sector.

Not only did he work as a banker in Geneva, he also took the mantle of Finance Director and Vice-Chairman of a FTSE 100 company in the United Kingdom.  While those companies proved successful in their own regard, it also exposed the dark side of finance to Egon. There is a lot going on behind the scenes that most people aren’t even aware of in this day and age. 

Some Bold Price Predictions

One interesting comment was provided by von Greyerz in a September 2019 interview. At the time, Ego claims how silver could easily hit a value of $666. An ambitious goal, especially when considering where the price is at right now. However, nothing is impossible in the industry, for obvious reasons. 

A similar bullish sentiment was uttered as far as gold is concerned. von Greyers stated how gold can hit $10,000 or more with relative ease. At the time, many people deemed this to be impossible, but the price targets aren’t as unusual as some may expect. In fact, several analysts have come out recently to offer very similar price targets, which is pretty interesting to keep an eye on.

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