Interview with Ronald-Peter Stöferle: Monetary Tectonics and Gold

Dan Popescu of Goldbroker has interviewed our good friend Ronald-Peter Stöferle of Incrementum Liechtenstein AG, co-author of the In Gold we Trust 2014 report .

 

“We are currently on a journey to the outer reaches of the monetary universe. We believe that the monetary experiments currently underway will have numerous unintended consequences, the extent of which is difficult to gauge today. Gold, as the antagonist of unbacked paper currencies, remains an excellent hedge against rising price inflation and worst-case scenarios.

The tug-of-war between a deflationary debt liquidation and politically induced price inflation is well and alive. Last year we coined the term ”monetary tectonics” which describes the battle between these powerful forces. An excellent indicator for the interaction between inflation and deflation is the gold/silver ratio. One could therefore also refer to the gold-silver ratio as the “deflation/reflation” ratio.”

 

 

Dan Popescu interviews Ronald-Peter Stöferle on gold and a wide range of related topics

 

gold-silver ratioThe gold-silver ratio: due to silver's industrial demand component, the ratio is an excellent indicator of the waxing and waning of economic confidence – via StockCharts – click to enlarge.

 

Dan Popescu  Gold & Silver Analyst / Member of the Goldbroker.com Editorial Team

Mr. Popescu is an independent investment analyst and studies the gold and silver market and their future role in the international monetary system. He has followed the gold, silver and foreign exchange markets regularly since 1970. He has a bachelor degree in physics (1993) from Concordia University in Montreal, Canada and has completed the Canadian investment management certificate (1999) of the CSI. He is a member and was the president in 2004 of the CSTA and also was president in 2005 of the Montreal CFA Society. He is a member of the CFA Institute, the MTA, NYSSA, UKSIP, the CSTA and the Gold Standard Institute International.

 

 

 

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One Response to “Monetary Tectonics and Gold”

  • Kreditanstalt:

    Axel Merk seems to assume “interest rate” hikes are a done deal: http://www.321gold.com/editorials/merk/merk081414.html

    When everyone is on the same (“recovery”—“escape velocity”—“rate hikes”) side of the boat something, somewhere will go wrong.

    Don’t bet on rate hikes until they are MARKET-DRIVEN. It simply cannot be safely done at will, by decision of the central planners. They are trapped.

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