from King World News
On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the world is now at a major tipping point. He also discussed the action in the gold and silver markets.
Egon von Greyerz: “Charles Ponzi must be turning in his Grave! His pyramid scheme in 1920 guaranteed returns of 50% in 50 days and 100% in 100 days. And initial investors clearly achieved these returns but most of them were too greedy to cash in. His total scheme “only” lost $20 million ($225 million in today’s money) for the investors. In comparison, Madoff cost his investors $18 billion. Ponzi must be jealous of Madoff. At least Ponzi became famous for his achievement. So far Madoff has not achieved fame…