Greyerz - We Are Seeing Massive Gold Demand In The East

"Today a 42-year market veteran told King World News that right now there is massive demand for gold from Swiss refiners and the demand is coming from the East.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.

Eric King:  “Egon, what are you seeing in the physical side of the market right now?”

Greyerz:  “Eric, it’s very interesting because in the West there is relatively little demand for precious metals right now.  But if you then turn to the East, they are buying everything they can from the refiners here in Switzerland....

“So the physical market in the East is extremely strong.  And the West is totally missing the boat and ignoring this market.  This is the trend we’ve seen in the last couple of years. 

We’ve seen most of the physical gold go from West to East and in the end there will be very little left in the vaults of (Western) central banks and in the vaults of the bullion banks.  It (virtually all of the gold) will be in the East."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/9_Greyerz_-_We_Are_Seeing_Massive_Gold_Demand_In_The_East.html