Ronald Stöferle: The Fed Hawks Are Doves in Disguise

Gold Newsletter, Released on 8/31/22

Despite gold being down 2–3 percent in US dollar terms, gold has continued to preserve its purchasing power in the long term. In mid-August, gold was up 8 percent in euro terms and 15 percent in Japanese yen terms. Ronald Stöferle, a fund manager and author of the “In Gold We Trust” report, argues gold will gain momentum later this year. With the recession in the United States, Federal Reserve officials will back down and implement expansionary monetary policy, which means helicopter money in the offing. As a result, Stöferle foresees a period of inflation volatility, and gold would become crucial: “Gold is not there to make you rich quickly, but to protect your assets and weather storm

Ronald-Peter Stöferle is Managing Partner and Fund manager at Incrementum AG, based in the Principality of Liechtenstein. The company focusses on asset management and wealth management and is one hundred percent owned by its partners. Ronald manages a fund that invests based on the principles of the Austrian School of Economics.

Brien Lundin serves as president and CEO of Jefferson Financial, Inc., a highly regarded producer of investment-oriented events and publisher of investment newsletters and special reports. Under the Jefferson Financial umbrella, Mr. Lundin serves as publisher and editor of Gold Newsletter, the publication that has been the cornerstone of precious metals advisories since 1971, and as the host of the annual New Orleans Investment Conference, the oldest and most respected investment event of its kind. In addition to his responsibilities with Jefferson Financial, Mr. Lundin is an active investor and speculator in the mining and technology sectors.

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