"On the heels of the news that more European central banks are coming under enormous pressure to repatriate their gold held abroad, today Egon von Greyerz said we are closing in on absolute panic in the gold market. Below are his comments about the stunning ramifications of what is transpiring.
Greyerz: “Eric, I think 2015 will be the year when the world finally discovers that the emperor has no clothes because there is a total disconnect between reality and financial markets around the globe. We have stagnant growth and there is no net investment anywhere in the West, and there is no investment in infrastructure in the West. Private debts are at record highs and public debts are even bigger, and none of this will ever be repaid. This is the backdrop even as financial markets hit new all-time highs...."
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/28_We_Are_Closing_In_On_Absolute_Panic_In_The_Gold_Market.html
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