DEUS EX MACHINA              Leo Lein
THREE KINDS OF MONEY
WHO IS THE MOST PRODUCTIVE?
THE DARK AGES BEGIN
100 YEARS OF PAPER MONEY COLLAPSE
DEBT EXPLOSION
THE DESTRUCTION OF PAPER MONEY    Ounces of gold bought for $ 1,000Investment   Year   Ounces Gold         %              ...
A STEALTH MARKET
GOLD in AUDGOLD IN AUD IS UP4.5 X SINCE 1999CAGR 13%
ASX vs GOLD in AUD  ASX vs GOLD  DOWN 70% SINCE  PEAK IN 2007
AUSTRALIAN HOUSE PRICE COLLAPSE                2005-2010                Down 40%    1968-1979    Down 90%
BENEFITS SUPERVISOR     SLEEPING      by LUCIAN FREUD
EU’s MILK COW SLEEPING
GOVERNMENT DEBT WILL NEVER BE REPAID
DEBTS THAT WILL NEVER           BE REPAID•   Government, state, city, municipality debts•   Central bank debts•   Housing ...
LOSE - LOSE•   Deflation or Inflation – Austerity or QE•   Deflation – collapse of the financial system•   No bank will su...
HYPERINFLATION
CONSEQUENCES•   Government deficits explode•   All currencies fall•   Interest rates surge•   Unemployment surges•   Asset...
GOLD STORAGE
Matterhorn Asset Management• Wealth preservation experts, Zurich• GoldSwitzerland  – Specialises in physical Gold and Silv...
THIS IS NOT WEALTH             PROTECTION•   Gold / Silver ETFs in banking system•   Unallocated or allocated Gold/Silver ...
TOO LATE TO JUMP ON THE     GOLDWAGON?
GOLD TARGETS
WEIMAR GOLDFrom DM 100 to DM 100 trillion
THE FINAL COLLAPSE  “THERE IS NO MEANS OF AVOIDING THE  FINAL COLLAPSE OF A BOOM BROUGHT    ABOUT BY CREDIT EXPANSION. THE...
Egon von greyerz
Egon von greyerz
Egon von greyerz
Egon von greyerz
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Egon von greyerz

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The Gold Symposium Keynote Presentation 14 & 15 November 2011 Luna Park

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Egon von greyerz

  1. 1. DEUS EX MACHINA Leo Lein
  2. 2. THREE KINDS OF MONEY
  3. 3. WHO IS THE MOST PRODUCTIVE?
  4. 4. THE DARK AGES BEGIN
  5. 5. 100 YEARS OF PAPER MONEY COLLAPSE
  6. 6. DEBT EXPLOSION
  7. 7. THE DESTRUCTION OF PAPER MONEY Ounces of gold bought for $ 1,000Investment Year Ounces Gold % Price change $1,000 1911 50 $ 20 -99% $1,000 1971 28 $ 35 -98% $1,000 1999 4 $ 250 -86% $1,000 2002 3 $ 300 -83% $1,000 2011 0.5 $1,800 -
  8. 8. A STEALTH MARKET
  9. 9. GOLD in AUDGOLD IN AUD IS UP4.5 X SINCE 1999CAGR 13%
  10. 10. ASX vs GOLD in AUD ASX vs GOLD DOWN 70% SINCE PEAK IN 2007
  11. 11. AUSTRALIAN HOUSE PRICE COLLAPSE 2005-2010 Down 40% 1968-1979 Down 90%
  12. 12. BENEFITS SUPERVISOR SLEEPING by LUCIAN FREUD
  13. 13. EU’s MILK COW SLEEPING
  14. 14. GOVERNMENT DEBT WILL NEVER BE REPAID
  15. 15. DEBTS THAT WILL NEVER BE REPAID• Government, state, city, municipality debts• Central bank debts• Housing loans, personal loans, car loans• Credit cards, student loans• Commercial mortgages• Toxic bank debt• Derivatives
  16. 16. LOSE - LOSE• Deflation or Inflation – Austerity or QE• Deflation – collapse of the financial system• No bank will survive with deflation• Money printing – QE• Currency weakens• Creates hyperinflation
  17. 17. HYPERINFLATION
  18. 18. CONSEQUENCES• Government deficits explode• All currencies fall• Interest rates surge• Unemployment surges• Assets financed by credit bubble fall• Exchange controls• Financial system will fail• Social structures break down• Wars
  19. 19. GOLD STORAGE
  20. 20. Matterhorn Asset Management• Wealth preservation experts, Zurich• GoldSwitzerland – Specialises in physical Gold and Silver bullion – Stored outside the banking system – Gold/Silver bars owned directly by investor – Personal access to metals – Ultimate form of wealth preservation
  21. 21. THIS IS NOT WEALTH PROTECTION• Gold / Silver ETFs in banking system• Unallocated or allocated Gold/Silver in bank• COMEX Gold• Futures Gold• Bank safe deposit box• Storing gold at home
  22. 22. TOO LATE TO JUMP ON THE GOLDWAGON?
  23. 23. GOLD TARGETS
  24. 24. WEIMAR GOLDFrom DM 100 to DM 100 trillion
  25. 25. THE FINAL COLLAPSE “THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THEALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS A RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION, OR LATER AS A FINALOR TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED” Ludwig von Mises
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