Ronald-Peter Stöeferle: Indications Point to $8,900 Gold Price
Ronald returns to the program to discuss Incrementum’s recently released annual report, “In Gold we Trust.” They believe we are at the beginning of a golden decade, and the report goes over many aspects of the gold market. This year they also highlight bitcoin and have a special chapter dedicated to silver.
Gold is one of the few reliable recession hedges. The big question now is, will this recession be very dramatic, will it be worldwide, or will it be a full-fledged depression. What matters is the steps taken by central bankers and government, which so far are unprecedented.
We see a loss of trust in many aspects of our lives, from media to politics. When a loss of confidence occurs, it can happen very quickly. Jay Powell has been saying they will do whatever it takes and that there are no limits. This approach is the big difference between 2008 and means the consequences will come much sooner.
He discusses the gold-silver ratio and why silver looks very good today. He also believes that bitcoin will become a small part of many investor’s portfolios.
Talking Points From This Week’s Episode
• Highlights from the Latest In Gold we Trust Report
• We are in the first stage of a new crack-up boom.
• Inflation leading indicators are positive.
• We are at the beginning of this cycle.
Ronald-Peter Stöeferle is a Chartered Market Technician and a Certified Financial Technician. During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign, he worked for Raiffeisen Zentralbank in the field of Fixed Income/Credit Investments. After graduating from university, Stoeferle joined Vienna based Erste Group Bank, covering International Equities, especially Asia. In 2006 he began writing reports on gold and gained media attention when he expected the price of gold to rise to USD 2,300/ounce when the current price was only at USD 500. His six benchmark reports called “In Gold we Trust,” drew international coverage on CNBC, Bloomberg, the Wall Street Journal, Economist, and the Financial Times.
In 2013 he became managing director and partner of Incrementum AG, based in the Principality of Liechtenstein. The company focuses on asset management and wealth management and is one hundred percent owned by its partners. He continues to write the annual “In Gold we Trust” as a senior advisor to Erste Group.
Time Stamp References:
0:35 – This years report on a golden decade.
6:20 – Recession outlook.
7:30 – Trust in central banks.
9:45 – Central banks will take extreme measures.
12:00 – Inflation indications.
15:30 – Monetary velocity concerns.
18:30 – Ronald’s training and dow theory.
22:25 – Expectations for silver and commodities.
27:30 – Contrasting bitcoin and gold.
30:40 – Book and newsletter recomendations.
Books and Newsletter Recommendations:
Hermann Hesse: Narcissus and Goldmund
Haruki Murakami: Kafka on the Shore
Felix Somary: The Raven of Zurich
Stefan Zweig: The World of Yesterday
Nassim Taleb: Fooled by Randomness
Dave Rosenberg: https://www.rosenbergresearch.com/ @EconguyRosie
Macro Tourist: https://themacrotourist.substack.com/ @kevinmuir