Ronald Stöferle

Gold, between inflation and deflation

Ronald Peter Stöferle in an interview with Kitco News. The topic was gold in the inflationary and deflationary environment of the current crisis. Is inflation coming back or is the market more likely to suffer a deflationary shock? How does this affect gold?

Inflation is not far off

As has been mentioned several times before, we are currently suffering not only one shock, but multiple shocks. The central bankers may be preventing a global depression with their massive interventions, but that is not all. If the markets are revived and there is dramatically more money in the system, inflation is inevitable.

Gold as protection against inflation

Gold is traded at a high price in almost all currencies. As Ronald explains, it did exactly what it was supposed to do. Protect your portfolio from inflation and falling stock prices. With the current massive interventions, it’s only a matter of time before gold rises to new all-time highs.

Gold to beer, a real measure of inflation

The Beer to Gold graph from Incrementum shows how many beers you get per ounce of gold. It shows the real extent of inflation. With the cancellation of this year’s Oktoberfest, how will this affect the graph and the ratio?

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Source: https://www.kitco.com/news/2020-04-23/There-is-still-time-to-jump-into-gold-before-the-new-phase-of-its-bull-market-Incrementum.html

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