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Egon von Greyerz: Risk Greater Than Ever, Big Money Going into Gold
Egon von Greyerz (EVG) vaults gold for wealthy clients in secret vaults in Switzerland and in Asia. What is he seeing first hand from his global clients? EvG says, “It’s interesting that we are seeing big money now starting to actually come into the gold area. They are increasing (holdings) or coming in for the first time, which I would say is quite new, in the last few weeks. People are sensing it. People understand what’s happening. We have our clients we’ve had for the last 15 years, and they are increasing their holdings, but we have new money coming in, and it hasn’t been on the scale we are seeing now. . . . There are people that smell things before they happen. People don’t know why, but people are sensing something is going to happen.”