Stöferle: "In Gold we trust" Interview

Alasdair Macleod talks to Ronnie Stoeferle, author of the popular and comprehensive "In Gold We Trust" report, published by Erste Bank.

Ronnie notes that there is currently deflationary pressure within the market, but suggests this will be opposed and fought vigorously by central banks. This will bring about the end of the current downward price moves in precious metals and herald the next leg higher.

Ronnie then discusses the increase in demand for precious metals in Germany and Austria as a result of the Cyprus crisis, and the anti-cyclical worldwide reaction to the recent drop in the prices of gold and silver.

The conversation then moves onto monetary inflation and how this affects the economy. They speculate how this inflation may eventually push up consumer prices, resulting in 1970s-style stagflation.
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