Egon Von Greyerz: The Public Will Lose Up To 99% Of Their Wealth In The Next 5 Years – Ottawa Bullion

During the last 50 years we have seen 5 vicious corrections in the Dow of between 41% and 55%. But even with these corrections the Dow is today 39x higher than in 1971. There is another relatively small but important investment asset which represents only 0.5% of global financial assets. That asset is up 53x since 1971. But it hasn’t been an easy journey for this asset either. There were 3 major corrections in half a century between 33% and 70%. I am of course talking about gold.

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