DMac
31st August 2011, 10:22 AM
http://www.youtube.com/watch?v=w4orbhaCXKE
Uploaded by GoldMoneyNews on Aug 24, 2011
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Egon von Greyerz, of Matterhorn Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about the state of the global economy and gold's status as a safe haven. They discuss S&P's recent downgrade of US debt and also talk about the situation in the UK and in Switzerland.
They discuss the Swiss franc and how its appreciation hurts the Swiss economy in the short term, however they make the point that strong currencies are always better for long-term growth and economic stability. James and Egon emphasise the importance of owning allocated physical gold outside the banking system.
This interview was recorded on August 6 2011 in London.
Uploaded by GoldMoneyNews on Aug 24, 2011
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Egon von Greyerz, of Matterhorn Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about the state of the global economy and gold's status as a safe haven. They discuss S&P's recent downgrade of US debt and also talk about the situation in the UK and in Switzerland.
They discuss the Swiss franc and how its appreciation hurts the Swiss economy in the short term, however they make the point that strong currencies are always better for long-term growth and economic stability. James and Egon emphasise the importance of owning allocated physical gold outside the banking system.
This interview was recorded on August 6 2011 in London.