Ronald Stöferle: Black swans, grey rhinos and golden bulls

On 20.04.2020 Ronald Peter Stöferle gave his keynote speech at the "World Gold Forum 2020". This year only in virtual form due to the corona crisis. The keynote speech also outlines very well the general topic of this year's In Gold We Trust Report.

Black swan or grey rhino?

In recent weeks, the news filled with Corona, experts and governments have been throwing around the term Black Swan. The Black Swan is a metaphor that describes an unpredictable, rare event that causes great harm. Ronald, on the other hand, is of the opinion that the corona virus is more like a grey rhinoceros. A rare but highly probable but neglected event.

Central banks and governments under scrutiny

We are in the process of making history. Never before has there been a crisis in which so many monetary and fiscal interventions by central banks and governments have been made in such a short time. Ronald postulates that the central banks, as they have already announced, will do everything possible to prevent deflation. The markets and the people should therefore be prepared for anything. From unlimited quantitative easing, to ideas like the universal basic income.

Gold on the rise again

There is a general change in the markets. Gold has reappeared on the scene. Ronald shows how gold has done exactly what it is supposed to do. Stabilize your portfolio and protect your assets from a drastic decline in stock values. He also postulates that the gold price has already bottomed out.

Inflation or Stagflation

Even if it was in fashion to declare inflation dead, it seems to be returning. Ronald explains that our in-house inflation indicator shows that inflation could be about to make a comeback. The markets are unlikely to feel this until the curfew is lifted and there is suddenly much more money in the system.

Gold stocks back in the bull market

The comparison between the Great Depression and now does not seem to limp. Ronald postulates a good environment for gold mining stocks, as was the case during the Great Depression.

The Golden Future

Gold has returned to the public eye. We are currently in the public participation phase. As Ronald explains that current climate, both by the massive interventions and the general crisis, are the perfect breeding ground for gold and commodities in general.

 

Time stamps:

2:40 Agenda

3:30 The black swan, which is none

8:54 (When) Will confidence in central banks begin to erode

15:26 Gold: What the 7th sense of the financial market has to tell us

20:55 Inflation and Stagflation – The Ultimate Craft of Pain

27:08 Gold mining shares

29:31 The golden future

36:45 Summary and main points

Click here for the video: