by Egon Von Greyerz, Gold Switzerland:
As the world economy is about to implode, very few investors realise what will hit them. The dip buyers of stocks don’t understand that it really is different this time as the world is now facing the biggest destruction of wealth in history. Stocks, bonds, and property are likely to decline by at least 95% in real terms in the next few years. With both sovereign and private defaults, many bonds will go to zero and interest rates to infinity.