THE VON GREYERZ PERSPECTIVE - vongreyerz.substack.com

THE PAPER SILVER CRISIS HAS BEGUN From London’s Empty Vaults to Shanghai’s Physical Rule: The End of Fractional Reserve Metal Markets. In this presentation, Alasdair Macleod , advisor to VON GREYERZ AG , delivers a stark warning about the state of the global silver market. He argues that what we’re witnessing isn’t speculation or investor mania — but mounting structural stress inside the Western p...

$3,000,000,000,000,000 in Debt — AND COUNTING How Unsustainable Debt Is Driving the Move from Bonds to Gold What happens when the global financial system builds debt faster than it can ever repay? Official debt already stands in the hundreds of trillions. Add derivatives and unfunded liabilities, and total exposure approaches $3 quadrillion. At that scale, the issue is no longer mathematical. It i...

ONE DAY THERE WILL BE NO OFFER — ONLY A BID What happens when paper stops clearing and liquidity vanishes? In a world where debt has swollen far beyond historical precedent, the gold/S&P ratio becomes more than a chart — it is a stress indicator of the system itself. As liabilities expand toward quadrillions, equity markets depend increasingly on liquidity rather than fundamentals, while gold quie...

Silver’s Silent Squeeze Why the Real Shortage Has Only Just Begun History is an unforgiving teacher, and we are currently entering its most brutal lesson: the final stage of a multi-decade fiat experiment. For decades, global finance has relied on digital claims and central bank balance sheets to substitute for real capital, operating on the delusion that digital promises and printing presses coul...

SILVER IS ABOUT TO DO WHAT FEW BELIEVE IS POSSIBLE Why structural shortages, failing paper markets, and rising demand signal a historic reset in real money. Something fundamental has shifted in the silver market—and most investors have not yet recognized it. Price levels that once acted as resistance are no longer behaving as they did in the past, and what appears to be a price move is, in reality...

WHAT OUR GRANDPARENTS KNEW ABOUT WEALTH The constant that survives every rise and collapse of money Monetary cycles do not end with announcements. They end quietly—when trust thins, when promises require explanation, and when systems must be defended rather than relied upon. At that point, money stops behaving like money. And value begins to reveal itself not through performance, but through persi...

PHYSICAL OWNERSHIP IS NON-NEGOTIABLE Silver may rise faster but with greater volatility; gold remains the long-term foundation of stability. --------------------------------------------------------------------- In this presentation, Egon von Greyerz, founder of VON GREYERZ AG , explains why holding physical gold and silver is not about speculation, but about protection in an era of monetary declin...

A 400-OUNCE LESSON IN REAL MONEY Why gold preserves purchasing power while fiat systems inevitably fail For decades, gold has served as a simple but unforgiving mirror of monetary reality. Not because it promises growth, yield, or innovation, but because it measures what paper currencies systematically conceal: the loss of purchasing power over time. This is a public episode. If you would like to...

400 OZ VS 22,000 OZ: CHOOSING THE TRUE KING OF METALS 1.6 Mio. USD vs 1.1 Mio. USD: Measuring True Monetary Value For most of history, money was not defined by promises, leverage, or paper claims. It was defined by scarcity, trust, and permanence. When paper currencies expand without limit, their true value can no longer be measured in numbers on a screen. It must be measured against something rea...

The $50,000 Silver Bars Inside the $50K Silver Vault Throughout history, money has never been defined by promises or paper claims, but by scarcity and trust. Silver, like gold, fulfilled that role for centuries. Yet in recent decades, it has been gradually pushed aside, dismissed as secondary and buried under layers of paper contracts and financial engineering. Today, that illusion is beginning to...

For decades, central banks have relied on a simple strategy: postpone, extend, and hope. Each crisis was met not with resolution, but with intervention — more debt, more money printing, and more promises that the system was under control. The result is what we see today: a global financial structure so saturated with debt that it can no longer be managed in an orderly way. The can has been kicked...

Is It Too Late for Gold? Why the biggest move lies ahead as currencies approach their final phase Every major monetary shift begins with doubt. Gold has already risen sharply, yet ownership remains historically low. The question is not whether gold has gone too far — but whether the real move has even begun. KEY INSIGHTS 01:32 – 01:48 | “Is It Too Late?” — The Gold Wagon * The question “Is it too...

WHEN PAPER PROMISES BREAK Why wealth must return to gold, silver, and real assets Egon von Greyerz, founder of VON GREYERZ , is a globally respected authority on wealth preservation and risk management. With decades of experience navigating financial crises and currency debasement, he is known for his uncompromising views on protecting capital outside the fragile banking system. In this message, v...

POOR MAN’S GOLD ABOUT TO SHOCK THE WORLD A historic shortage, explosive demand, and a metal set to move twice as fast as gold — silver’s rise by multiples is no longer speculation, it is inevitable. Today’s discussion is led by Egon von Greyerz , founder of VON GREYERZ , a firm specializing in long-term wealth preservation through physical precious metals. With decades of experience navigating fin...

THE MONETARY FLOOD IS HERE — WHO WILL SURVIVE? Debt, debasement, and the return of real money “After us, the flood.” Those words were spoken centuries ago — yet they perfectly describe today’s world of central banking, debt, and monetary illusion. The flood has not arrived yet. But it is no longer avoidable. This is a public episode. If you would like to discuss this with other subscribers or get...

HAS CHINA CORNERED THE GOLD MARKET? Silent Accumulation and the Challenge to Dollar Dominance In this Gold Sessions interview, Jonny Haycock of VON GREYERZ speaks with economist and long-time precious-metals analyst Alasdair Macleod about three forces quietly reshaping the global financial system: The tightening physical silver market, China’s long-running gold accumulation strategy, and the growi...

5,000 YEARS: TWO ANCIENT RELICS, ONE STORY When time decides what matters For over 5,000 years, gold has stood as humanity’s only enduring form of real money — untouched by governments, unreplicable by man, and immune to the failures of financial systems . This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit vongreyerz.substack.c...

THE MYTH OF MANUFACTURED GOLD Gold’s 5,000-Year Role In this presentation, renowned wealth-preservation advocate Egon von Greyerz discusses the enduring role of gold as humanity’s most reliable form of money. Drawing on thousands of years of monetary history, he contrasts real, physical gold with the “paper money” systems created by modern central banks. As the founder of VON GREYERZ AG, he emphas...

THE MISLEADING GOLDEN COIN Gold is up 76% vs. Bitcoin Only true trust proves itself over 5,000 years Egon von Greyerz, founder of VON GREYERZ AG, notes that today’s monetary landscape is no longer a contest between innovation and tradition, but a stark confrontation between illusion and reality. As global debt accelerates and financial systems strain beyond their limits, investors increasingly sea...

THE GREAT DEBT MOONSHOT $3B to $100T — Gradually, Then Suddenly Egon von Greyerz warns that we are witnessing the final stage of the Western monetary order. What began in 1913 with the creation of the privately owned Federal Reserve has now reached its breaking point. The post-1971 world of unlimited credit and fiat expansion has produced an exponential debt spiral: from 3 billion USD in 1930 to 3...

What They Don’t Tell You About a Banking Crisis Counterparty risk, bail-ins, and BRRD exposure, why gold inside banks isn’t truly yours. In this discussion, Jonny Haycock speaks with Matt Piepenburg of VON GREYERZ about the often-ignored risks of storing gold within the banking system — from counterparty exposure and rehypothecation to EU bail-in legislation under the BRRD. They explain why genuin...

SILVER'S CATAPULT MOMENT Silver’s decades of suppression have built the pressure for a historic breakout — the first signal of fiat’s final collapse. Long mocked as the “ poor man’s gold ,” silver has spent decades under deliberate suppression — pressure that now strains at breaking point. The $50 mark, long treated as resistance, is no ceiling but a catapult line. Once breached, it will not merel...

Middelkoop & Piepenburg: The Great Bluff in Finance "Cheat to Keep the Game Going” — Cowardice or Necessity? Why Gravity Always Wins VON GREYERZ AG partner Matthew Piepenburg joins Willem Middelkoop , founder of the Commodity Discovery Fund and best-selling author of The Big Reset: War on Gold & the Financial Endgame , in a frank discussion of the broken financial system fueling an openly accelera...

The Reborn 1920s: Inside the Global Credit Inferno Where euphoria reigns, debt explodes, and the next great reckoning looms In this compelling discussion, Alasdair Macleod joins Matthew Piepenburg to explore the striking parallels between today’s global economy and the: Speculative frenzy of the 1920s. Macleod contends that we are living through a reborn Roaring Twenties —an era defined by runaway...

FRANCE on the Brink: The First Domino An insider’s perspective: How Macron’s crisis-ridden France could ignite the next global meltdown Gold continues to soar as global debt hits unprecedented highs. But today’s focus shifts away from the U.S. to France — the EU’s second-largest economy — where political instability, a deepening debt crisis, and growing social unrest are colliding. In just two yea...