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Is gold dead? Bitcoin price to hit levels we 'cannot imagine'- Ronald-Peter Stoeferle

Posted by David Ogden on September 13, 2021 - 4:27am

Is gold dead? Bitcoin price to hit levels we 'cannot imagine'- Ronald-Peter Stoeferle

Global financial markets have reached a "monetary tipping point", according to Ronald-Peter Stoeferle, managing partner of Incrementum AG.

After this tipping point, inflation will continue to climb up, real interest rates will remain in negative or near-zero percent territory, and monetary policy will become less impactful for the markets than fiscal policy; this will be an era of fiscal dominance.

Stoeferle told David Lin that "the sentiment [for gold] is already that negative that the price can go to new all-time highs within the next couple of months, so we are not so far away."

Severe pessimism in the gold industry is a good sign from a contrarian perspective, Stoeferle said.

On Bitcoin, he noted that the next phase of price appreciation has not even begun yet.

“I think if Bitcoin will be around in five to ten years, prices will go to regions that we cannot imagine at the moment. Because, if you really see it as a hedge against inflation, against those big monetary experiments going on, and if you compare it to the size of the real estate market to the bond market…I think there’s a lot of catch-up potential,” he said.

For Stoeferle’s gold price forecast, watch the video above. Follow David Lin on Twitter: @davidlin_TV.


 

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Bill Rippel Great video on Gold and where they think it will be going.
September 13, 2021 at 1:34pm
Corneliu Boghian Good info . Thank you for posting this !
September 13, 2021 at 5:51am
brian chochola Thank you
September 13, 2021 at 4:44am
andrei68 Yarushin Thanks to David Ogden.
September 13, 2021 at 4:33am