Egon Von Greyerz is the Founder and Managing Partner of Matterhorn Asset Management and Gold Switzerland. Matthew Piepenburg joined their firm last year. Both provide thoughtful commentary and interviews. Piepenburg acknowledges that they are “Swiss-based gold bugs.“
In his September 24 commentary, Piepenburg asks, “Why is Gold Not Rising?” Good question given that:
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- Other commodities are reaching new highs.
- Inflation rates are rising.
- Interest rates are low and several percentage points below inflation rates.
- Central banks around the world continue to expand their balance sheet assets at a rapid rate.
- Governments show little or no fiscal discipline.
Piepenburg’s written commentary about Federal Reserve policy and gold’s purpose in an investment portfolio is located here: https://goldswitzerland.com/why-is-gold-not-rising/
If you prefer a video, Matthew Piepenburg was interviewed by Tom Bodrovics and discussed the international monetary system and related topics. The video link is here (51 min): https://www.youtube.com/watch?v=CZ9bNTl5kTE&t=599s An index of the topics covered with time marks is located in the right margin of the video.
If you have any questions or comments, please contact me.
Sincerely,
Robert G. Kahl
CFA, CPA, MBA