Ronnie Stoeferle (Stagflation, Gold Price Deep Dive, Opportunity In Mining Sector, More QE)
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I'm in EU, people dont about care inflation, they are all out there on vacation spending money like crazy, everywhere. Eu citizens have plenty of savings….
SORRY BUD, BUT ALL THE GOLD MINERS ARE GOING OUT OF BUSINESS UNLESS THEY R IN AFRICA.. WHICH SUCKS CAUSE IM IN HYMC. THE PAST 2 YEARS THE MARKET MANIPULATORS (MAKERS) EARLY 2020 IN ANTICIPATION OF ALL THE RETAIL TRADERS THAT WERE GETTING STIMI'S, INFLATED PRICES OF EVERYTHING THEY THOUGHT RETAIL WOULD BUY SO THEY COULD SELL RETAIL OVERPRICED SECURITIES, AND NOW THAT RETAIL IS SPENT, THEY NEED TO DEFLATE THOSE PRICES, SO EVERYTHING IS GONNA DROP OFF A SMALL CLIFF TO PRE PANDEMIC AND BEYOND, ONCE THEY SEE ITS IN BEYOND TERRITORY. [FOLLOWING THE PANIC SELLING] THEYRE GONNA BUY BACK IN TO EVERYTHING AT UNBEATABLE PRICES, AND FROM THERE THEY CANNOT LOSE, AND WILL REPEAT THE CYCLE. THOUGH NOT AS VOLATILE A CYCLE AS THE PAST 2 YEARS. BUT THE DILEMA IS, ALL THE TRUST IN THE MARKETS WILL BE GONE, SO NO MORE EASY RETAIL ROBBERY, MEANING THEY WILL ACTUALLY HAVE TO KNOW WHAT THEYRE DOING TO STAY IN BUSINESS. BUT ALL THE BIGGEST MARKET PARTICIPANTS [NAMELY THE MARKET MANIPULATORS] I DONT THINK KNOW HOW TO MAKE MONEY OTHER THAN BY STEALING FROM RETAI… THATS THE RUB.
From my point of view the compressed words of stagnating and inflating are simply a description of what happens during a depression. I believe we are in the early stages of a worldwide depression that will make 1929 look like a cakewalk.
I sincerely believe in the gold narrative – keeping 10-20% of the portfolio in gold – but what else has to happen to gold really perform? I mean, not to make 10% every month, but to see double digits every year. It is kind of tiresome to follow this and nothing happen.
Experienced gold holders know that gold is affected by real rates. However, it is also affected by market makers dumping 10s of 1000s of naked gold contracts into the futures market. The elites can't have gold explode higher due to affect high gold prices will have on the faith in currencies. Just look at every drawdown. 1000s of fake futures are dumped to drive the price down. It's ok though. Gold is not a trade. It's insurance. It also bribes the concentration camp guard when the govt sends you there. Simply hold it for 30 years like I have and watch it protect your wealth.
The only truth to any of this is how fraudulent and dysfunctional the entire economy is. The last 20 years has been nothing but endless printing of currency and massive market manipulation with record low interest rates, record stock buybacks. Look at even this interview. Not one discussion at even how profitable companies even are nowadays. How much “debt” these companies are carrying. Look at Target, look at Apple. How can a country like the US have people racking up some much personal debt to buy $1000 Iphones etc. How much college tuition debt can young people continue to amass? Why not talk about the massive amount if debt washing through the economy. If this housing bubble cracks wide open you’ll a total catastrophe. The US is a total mess.
George, please let us know next time you’re visiting Croatia so that we can buy you some cevapi 🙂 hopefully euros will be still worth something by that time!
Copper is a good indicator of movement in the economic world, but to bet on its use in future electric cars ? The middle class that survived the first phase of ''elimination'' are now decimated by higher inflation/interest rates. WHO will BUY those cars??? If politicians continues to go greener, 80% of population will transport themselves by bicycles or a horse in front of a Ram 1500…But the biggest question is this one: Since a gallon of gasoline=12 sticks of DYNAMITE (in energy) and that MILLIONS of gallons are sold every day; what kind of power grid (and power plants) do you think you need to replace gasoline driven cars ??? Either almost nobody will own an EV or they are trying to sell the masses an incomplete dream…
George, don’t go an tell everyone how wonderful Croatia is to visit. People will flock there and ruin it. It is bad enough that the Germans take over the coast in the summer months. It IS spectacular! Split and Dubrovnik are my favorite.
Great interview thanks guys. The only point of contention for me would be the estimation of the all in sustaining costs of gold production. You're talking about a near doubling of diesel and other input costs, and given that gold is so energy intensive to extract, I cannot see how the all in sustaining costs could be less that $1500-1600.
With youth caskets sales skyrocketing I am wondering how a large sudden decrease in population over a 3-5 year period would affect the US & Global economy?
George, you should have asked him if the gold discovery in Uganda potentially doubling the current gold supply is believable and how that will impact future prices.
33 Comments
The guitar intro is very annoying.
I'm in EU, people dont about care inflation, they are all out there on vacation spending money like crazy, everywhere.
Eu citizens have plenty of savings….
Looking like what everyone is missing is bankruptcy (severe) in the gold and silver mining industry.
To many ehm s and a a s. Don’t excuse for everything. Make a decision and go for it!
Super insightful content always reliably objective and brilliantly concise. Worth listening to twice
Brilliant interview great guest 👍
Guess want, Australian are not sell at this thief price. Putting our dollar down by 20 cents plus dropping gold by 8 dollars. Now pay 300 a gram.
SORRY BUD, BUT ALL THE GOLD MINERS ARE GOING OUT OF BUSINESS UNLESS THEY R IN AFRICA.. WHICH SUCKS CAUSE IM IN HYMC. THE PAST 2 YEARS THE MARKET MANIPULATORS (MAKERS) EARLY 2020 IN ANTICIPATION OF ALL THE RETAIL TRADERS THAT WERE GETTING STIMI'S, INFLATED PRICES OF EVERYTHING THEY THOUGHT RETAIL WOULD BUY SO THEY COULD SELL RETAIL OVERPRICED SECURITIES, AND NOW THAT RETAIL IS SPENT, THEY NEED TO DEFLATE THOSE PRICES, SO EVERYTHING IS GONNA DROP OFF A SMALL CLIFF TO PRE PANDEMIC AND BEYOND, ONCE THEY SEE ITS IN BEYOND TERRITORY. [FOLLOWING THE PANIC SELLING] THEYRE GONNA BUY BACK IN TO EVERYTHING AT UNBEATABLE PRICES, AND FROM THERE THEY CANNOT LOSE, AND WILL REPEAT THE CYCLE. THOUGH NOT AS VOLATILE A CYCLE AS THE PAST 2 YEARS. BUT THE DILEMA IS, ALL THE TRUST IN THE MARKETS WILL BE GONE, SO NO MORE EASY RETAIL ROBBERY, MEANING THEY WILL ACTUALLY HAVE TO KNOW WHAT THEYRE DOING TO STAY IN BUSINESS. BUT ALL THE BIGGEST MARKET PARTICIPANTS [NAMELY THE MARKET MANIPULATORS] I DONT THINK KNOW HOW TO MAKE MONEY OTHER THAN BY STEALING FROM RETAI… THATS THE RUB.
From my point of view the compressed words of stagnating and inflating are simply a description of what happens during a depression. I believe we are in the early stages of a worldwide depression that will make 1929 look like a cakewalk.
Price of gold is manipulated by Central Banks in order to restore the lost trust in fiat currencies.
I sincerely believe in the gold narrative – keeping 10-20% of the portfolio in gold – but what else has to happen to gold really perform? I mean, not to make 10% every month, but to see double digits every year. It is kind of tiresome to follow this and nothing happen.
Experienced gold holders know that gold is affected by real rates. However, it is also affected by market makers dumping 10s of 1000s of naked gold contracts into the futures market. The elites can't have gold explode higher due to affect high gold prices will have on the faith in currencies. Just look at every drawdown. 1000s of fake futures are dumped to drive the price down. It's ok though. Gold is not a trade. It's insurance. It also bribes the concentration camp guard when the govt sends you there. Simply hold it for 30 years like I have and watch it protect your wealth.
The only truth to any of this is how fraudulent and dysfunctional the entire economy is. The last 20 years has been nothing but endless printing of currency and massive market manipulation with record low interest rates, record stock buybacks. Look at even this interview. Not one discussion at even how profitable companies even are nowadays. How much “debt” these companies are carrying. Look at Target, look at Apple. How can a country like the US have people racking up some much personal debt to buy $1000 Iphones etc. How much college tuition debt can young people continue to amass? Why not talk about the massive amount if debt washing through the economy. If this housing bubble cracks wide open you’ll a total catastrophe. The US is a total mess.
Ronnie looks younger and very handsome. Not sure what you're doing but keep it up!
(Not gay)
George, please let us know next time you’re visiting Croatia so that we can buy you some cevapi 🙂 hopefully euros will be still worth something by that time!
Copper is a good indicator of movement in the economic world, but to bet on its use in future electric cars ? The middle class that survived the first phase of ''elimination'' are now decimated by higher inflation/interest rates. WHO will BUY those cars??? If politicians continues to go greener, 80% of population will transport themselves by bicycles or a horse in front of a Ram 1500…But the biggest question is this one: Since a gallon of gasoline=12 sticks of DYNAMITE (in energy) and that MILLIONS of gallons are sold every day; what kind of power grid (and power plants) do you think you need to replace gasoline driven cars ??? Either almost nobody will own an EV or they are trying to sell the masses an incomplete dream…
George, don’t go an tell everyone how wonderful Croatia is to visit. People will flock there and ruin it. It is bad enough that the Germans take over the coast in the summer months. It IS spectacular! Split and Dubrovnik are my favorite.
The Fed is buying treasuries so don't be surprised if the yields go down even though the macro environment suggests otherwise.
George, all this rush into the dollar….my question is, wouldn’t this be a good time for Americans to buy the Euro, while it’s low?
Great interview thanks guys. The only point of contention for me would be the estimation of the all in sustaining costs of gold production. You're talking about a near doubling of diesel and other input costs, and given that gold is so energy intensive to extract, I cannot see how the all in sustaining costs could be less that $1500-1600.
Fed will pivot and gold will go down again. Worst investment ever
With youth caskets sales skyrocketing I am wondering how a large sudden decrease in population over a 3-5 year period would affect the US & Global economy?
I m confused. Gold is apperently works in inflation however inflation keeps going higher and gold is doing the opposite.
George, you should have asked him if the gold discovery in Uganda potentially doubling the current gold supply is believable and how that will impact future prices.
Graphene will replace silver in solar panels and in EVs soon. It’s almost weightless, more conductive, and carbon based.
Australia is no accepting Yuan as payment that’s a game changer and it’s just the
I love the common theme. Down play Silver…. Keep stacking Silver
400k 😎
That's Great..
( Let's hope Comex won't Hammer it)
🧠🧠
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Cold turkey? lol.. QT hasn't even started yet.
In gold we trust; all others pay cash !
Yesssssssss 🌞 Congratulations George 👏 🙌