Author: GoldMoney
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Watch the full 28-minute interview at http://www.goldmoney.com/greyerz-interview. Egon von Greyerz of Matterhorn Asset Management and James Turk of GoldMoney Foundation talk about how savers and investors are fooled by nominal prices and fail to see how their savings have lost value massively in the last decade. In terms of gold the US dollar and even the Dow have lost value since the '70s. They comment how easy it is to lose sight of how inflation and debasement eat away at purchasing power and savings, and how the US Dollar could lose the confidence of the market and stop being the reserve currency of the world. They talk about China's role in the world economy and Chinese plans for global monetary reform.