Gold, Silver Are ‘Absolute Bargains’

Barron’s/Robert Guy/04-03-17

Matterhorn Asset Management’s Egon von Greyerz reckons prices for gold and silver are bargains and investors should be looking to buy given the risks in the global financial system.

In a new commentary, he’s taken a deeper look at the consequences of rising U.S. budget deficits, the growth in debt and the decline in the value of the U.S. dollar when measured against gold and currencies like the Swiss franc.

The next up leg in the metals has probably started and we could see $1,350 in gold and well over $20 silver in a relatively short time. I would not be surprised to see all-time highs in 2017. — Egon von Greyerz
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