| Despite gold being down 2–3 percent in US dollar terms, gold has continued to preserve its purchasing power in the long term. In mid-August, gold was up 8 percent in euro terms and 15 percent in Japanese yen terms. Ronald Stöferle, a fund manager and author of the “In Gold We Trust” report, argues gold will gain momentum later this year. With the recession in the United States, Federal Reserve officials will back down and implement expansionary monetary policy, which means helicopter money in the offing. As a result, Stöferle foresees a period of inflation volatility, and gold would become crucial: “Gold is not there to make you rich quickly, but to protect your assets and weather storm Gold Bull Resources (TSX.V: GBRC) (OTCQB: GBRCF) finished its drill program in June at the Sandman project in Nevada and is still awaiting assay results. In our weekly Inventa Capital segment, CEO Cherie Leeden says that in the meantime, the company has engaged a highly reputable mining engineer in Nevada to begin its scoping study. Show notes: https://goldnewsletter.com/podcast/supposed-fed-hawks-doves-disguise/ 00:00 Intro 00:22 Podcast 22:39 Sponsor segment 28:28 Podcast 53:51 Outro |
Ronald-Peter Stöferle is Managing Partner and Fund manager at Incrementum AG, based in the Principality of Liechtenstein. The company focusses on asset management and wealth management and is one hundred percent owned by its partners. Ronald manages a fund that invests based on the principles of the Austrian School of Economics.
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