GOLD IS NOT PEAKING,
IT’S JUST BEGINNING
In this latest Gold Matters discussion, VON GREYERZ principals, Egon von Greyerz and Matthew Piepenburg, speak candidly about the current debt backdrop in which the cycles of currency debasement, market volatility, and rising inflationary pressures are playing out in real time.
Von Greyerz reminds that record highs in physical gold are not the signals of a speculative moment, but rather a classic sign of an inevitable and forewarned re-rating of the global credit system. In this historical backdrop, gold is emerging (predictably so) as a far more credible reserve asset than USTS.
The tariffs, of course, have been the obvious catalyst for bringing these recent realities to play, but as Piepenburg makes clear, the central and more direct cause of the seismic monetary shifts (from de-dollarization to gold’s Tier-1 status at the BIS) are simply owed to historically unprecedented and unsustainable debt levels in the U.S. and globally.