Egon started Matterhorn Asset Management (MAM) in 1999 as a private investment company. From the very beginning, wealth preservation was an important cornerstone of the company. Already back in early 2002, we were of the opinion that financial and economic risk in the world was getting uncomfortably high. So that year we made substantial investments in the physical gold market at $300 average. We recommended to our clients/partners to invest at least 25% and up to 50% of financial assets into physical gold. With global risk considerably higher today, we believe that an important exposure to physical gold is critical.
As gold started to rise in the early 2000s, demand for physical gold increased and in 2005 we set up a regulated company in Zurich - Matterhorn Asset Management AG. A couple of years later we formed GoldSwitzerland which is the precious metals division of MAM. Born with dual Swiss/Swedish citizenship, Egon’s education was mainly in Sweden. He started his working life in Geneva as a banker and thereafter spent 17 years as Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the UK.
Since the 1990s Egon has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of MAM an asset management company based on wealth preservation principles. MAM is now the World’s leading company for physical gold and silver outside the banking system, directly owned by the investor. Our four vaults include the biggest and safest gold vault in the world, located in the Swiss Alps. Clients are High Net Worth Individuals, Family Offices, Pension Funds, Investment Funds and Trusts in over 75 countries.
Egon makes regular media appearances and speaks at investment conferences around the world. He also publishes articles on precious metals, the world economy and wealth preservation.
Topic: Don’t be fooled by the disconnect between asset markets and economic reality
The US has now run a real budget deficit for 90 years (with a couple of exceptions in the 40s and 50s)
In addition the US has had a trade deficit for 50 years.
US government debt is now increasing super-exponentially and will accelerate further as economic problems increase
Covid is not the reason for the current problems but only the catalyst
A final meltup in asset markets is always possible, driven by unlimited money printing and credit expansion
But a credit boom can never be solved by more credit and in the end asset markets will implode due to the sheer weigh of debt
Due to unprecedented risks, wealth preservation and insurance in the form of physical gold and silver is imperative