The year in which capitalism died

Ronald Stöferle in conversation with Max Wiethe of Real Vision. Topics of the interview were the In Gold We Trust report, current events in markets and a look at the most important diagrams of the IGWT report. Switch on, sit back and get a vision.

The end of capitalism

Stimulation instead of market economy, that’s the quick summary of this year. As markets wait hungrily for the next intervention and stimulation as if it were the only thing left. In between all this, however, we are already seeing inflation on the horizon, not hyperinflation, but higher inflation in general or even stagflation. This creates a perfect environment for gold, as negative real rates are the perfect breeding ground for strong gold.

 

When will the uncertainty disappear?

The current Covid-19 situation is accompanied by a lot of uncertainty. Nobody can say exactly how it will go on and long-term planning is extremely difficult. There is a chance that when a vaccine is found, long-term planning will be possible again and the speed of money circulation will increase again, and inflation will really take a big hit.

 

Loss of confidence on almost all fronts

People’s loss of confidence in all kinds of things is in full swing. Be it politics, media, institutions in general or even famous people, trust in socially more or less important persons and institutions is decreasing. In 2008, we were also on the verge of a bank run at central banks. Although no solutions have been found to the problems since 2008, confidence in central banks still seems to be strangely high.