Why Central Banks Have Been Stockpiling Gold | Ronald-Peter Stoeferle
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- Опубликовано: 29 июл 2024
- Ronald-Peter Stoeferle, Managing Partner of Incrementum AG and author of the "In Gold We Trust" report, discusses why central banks around the world have been adding to their gold reserves, as well as the impact of monetary and fiscal policies on markets this year.
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*This video was recorded on January 22, 2024
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0:00 - Intro
1:20 - 2024's investment themes
3:30 - Monetary policy
4:41 - Fiscal policy
6:35 - Global trends
10:15 - Stocks vs. gold
14:43 - Central bank gold reserves
19:48 - Consumer spending
21:47 - Bitcoin
#investing #economy #stocks
Well said!! I suggest anyone in their 20’s try to start a brokerage account and invest in good quality stocks that pay a good dividend of 5% or higher and yes they do exist , I recommend a brokerage account because when you get to your 50’s you will wish you had one so you can retire before your body gives out on you and you will have money to bridge you till you have access to your 401K …
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy Gold, the government has failed us or try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my advisor cos the market are lightening quick, who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment advisor you work with, I’m intrigued and I could use some quality guidance.
Mary Elizabeth Hanson fin
Is the stock market actually getting better or is this the regular start of the year market manipulation to entice new investors, I'm currently sitting on an inheritance of 500k and i'm wondering do I invest in stocks or Gold?
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
@@GeorgeNN Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.
Gold and hold for now. Wait for stocks to finish their bubble and crash. Then invest in solid companies at better prices. More to it…Do you own a home? Start there if not. Hard assets during these turmoil times.
It's great to see you're still in the game David 💯
Thanks for the quality interviews.
Even Jack Bogle, Vangaurd founder says have 5 per cent of net worth in gold. Jim Richard’s says 10 per cent. Harry Brown, says 25 per cent. I go 10 per cent. Protect yourself.
physical gold? or in an etf, both?
@@titchglover2601definitely physical gold
Having physical gold in your possession is like having your own bank
You don’t hold it you don’t own it
I say 100%. Fiat will go to zero, not a matter of if, but when.
Keep what you need for daily transactions for six to twelve months!
Physical for savings, tax-deferred in Gold miner stocks.
Watch out for dodgy ETFs like slv.
I have min in Sprotts Pslv ETF !
physical 20%
A freudian moment here : "SOunds like a lot of pain for short-term gain. Is that where we're going with the economy?" ... "Hahaha, I don't know".
I don't think the finance/investment community have a much better clue where the US economy is heading. It's a bunch of guesses, and depending on whether you lean Dem or Rep, pro-war or anti-war, it will probably skew your assessment.
David I'm also from Canada and that actually is sickening isn't it that low sevens are a bigger GDP than our whole country and just goes to show you how small we really are! And it's also why unfortunately we are attached to the USA by the hip
Smart one.. David you found gold.
Great guest! Love Ronny
World class interviewer
Does Powell have any credibility? What is there to risk?
Fantastic interview
Can you cover why "experts" are constantly wrong? So many are so wrong.
They would run out of people to interview and they wouldn’t have channels and they wouldn’t have income. So they all keep having interviews where “experts” proclaim what’s going to happen.
In Gold we Trust.❤❤❤
tks David - keep talking
Can we stockpile gold like the central banks have been doing ?
Lin carried this guy the whole interview.
I have more metal than the Canadian government. What will be the outcome of that for Canada?
Why does an Austrian (in every sense of the term) not talk about the money supply? Rates rates rates… It’s like FED Talks.
🤩
For Asia, de-dollarization is fiscal-discipline, de-communism and de-radicalism as well.
De dollarizarion is not happening any time soon. Not in our lifetime
Is BoC the only one with no gold reserves?
BoC does not need Gold, Canada has a lot of Gold, underground in Yukon... just waiting to be mined.
Canada needs gold like any other country. The petro dollar is dead
Very insightful
Wise to have hard assets in possession, and not just “digits on a ledger in the ether”
Funny, because if those assets got stolen, no one could confirm you ever owned them. Compare that to a decentralized ledger where no one can deny those assets are yours
All of us already bank digitally. Gold is antiquated. Crypto is the futue.
FJB
How do the EM central banks hold USD: in cash or as Eurodollars out of thin air?
Happy to receive a new video daily. will an event like the one you are in Vancouver be coming to Ottawa?
How do you know that BTC is not controlled by a central bank, Ronnie?
How about M2 & RRP in these dynamics?
Mr David Lin, it was so nice to meet you at Joe's Saturday. I would have visited longer and chatted markets and watches with you, but i did not want to disturb your lunch, and I had company.
Cheers
BTW, their calamari is delicious
“Gold is a good choice”…if you have a standing army to defend it…
Unless the FDR reclamation goes worldwide. There's a good chance of impounding!
@@leonie563I don’t think so. Causes other issues with banks and countries if this done. Would backfire. Can’t control the world’s gold.
And trucks to move it.
@@davidrelyea6284 “civilian” held gold has been “controlled” before ihistoricaly…
@@damiangrouse4564 Understand. I done bit study into the matter. Todays circumstances are different then before. To much to explain. My conclusion was they can't do it now without causing harm to themselves in other ways. So few hold bullion, it wouldn't be worth their effort regardless.
If Central Banks are stockpiling gold, how come gold is stuck?
Gold is being suppressed by the stronger currency. Would make sense to sell dollars and buy gold. Nobody knows for sure how much gold central banks have, but I'm guessing it's huge.
Thank you gentlemen. Interesting point about the de-eurozation! This topic is so silent that it screams. Not much needed to have this flare up again. Probably when the topic of higher taxation is adressed again.
How about silver?
See gold 2360$ by year end
Based on Mystic Megs predictions ?
The Austrian and his Austrian Economics outlook.
Vanguard does not have BTC ETF.
I think there is a highly likelihood that after this year by 2025, we will see markets reset and a new dollar introduced into circulation to bail the sysyem out. Looks like the new currency will likely be tied to gold and by extension silver. The old currency will be spent and printed to oblivion while everyone is either forced or voluntarily moves into the new system. This will likely take years maybe even decades as modern Americans have never experienced such tremendous currency revaluation. There will likely be many people whom give up as they see their livelihoods disappear. The Boomers will probably be the most notablely distraught as they will likely lose their pensions which will not evaluate to much nor allow them to retire as the costs of everything continue to rise.
Don’t central banks buy gold via bullion banks? How should that put a flooring under gold’s price?
“The new system will be expensive and needs to be more better? “ did this guy listen to what putin said regarding us dollar?
This is a Temu EB Tucker
How about gold or BTC miners?
Contrast and compare BTC with the Micro Level retail transactions.
PM backed Crypto Ccy such as KAS Kinesis Lode and SlvT tokens are more stable, reliable and set to be the future for retail transactions.
@@esioanniannaho5939 ?
Where is Steve Hanke?
Yeah I'd love to really know how much gold the US owns I'm guessing it's less than most people think?
Maybe zero. Who knows how much American wealth the anti-America Obama sent overseas.
Ron is funny...so, in his opinion the FED has rebuilt its credibility...wow! Yeah, he's among some pretty clueless and corrupt people there.
There are those who swear by Bitcoin - a currency which no one uses - and know little else, and those who invest in gold and stocks with intrinisc value. When the tide goes out...
English is a "Germanic" language - derived from Proto-Germanic, spoken in Iron Age Scandinavia and Germany.
I don't think it's accurate to describe it a derivative of German though.
Once you start learning German you understand that English is far away from German and much closer to latin. At least vocabulary wise. And in general English is a much more simplified "German".
England was under French rule for a long time... that changed the language... English absorbed Latin and French words. Often there is a German word and a French word, take the word liberty (from liberté) and freedom (Old German Freitum or Freiheit).
Saxony in Friesland.
@gnitoThat is not true ... I agree that around 50 percent of the vocabulary is Latin or French ... but the grammar has the touch of a West German Language (and the basic words like "to go (gehen), "to swim (schwimmen), 'to speak (sprechen)' are more used ... so by definition and nature English is still a West German language ... but while Dutch and German are still similar ... English has absorbed much Latin-French vocabulary and was thus destined to become the ultimate world language .... there are 4 'popular' West German Languages (German, Dutch, English and Afrikaans) (Danish, Norvegian and Swedish are part of the Northern German language group) en.wikipedia.org/wiki/West_Germanic_languages
flesh and meat is another example@@neonovalis
The guest looks like E. B. Tucker’s more subdued older brother.
A positive view from Dubai and middle east coming from regimes flush with Petro money is a fools errand. That is one region which should be super pessimistic about the future to assuage it's expectations to more realistic levels. Why should they be pessimistic, because of the geopolitical and cultural interplays in which they will be the biggest losers.
1200 tonnes?
Did Austrians get rid of that 28-y/o racist kid, as their Chancellor?
It's pretty obvious. The us has the reserve currency. No other country could spend the way they do to prop up their economy.
Stichtag ist zwischen 10-20.3. wegen Softbank Ablauf Sperrfrist Verkauf ARM Ipo Shares und FED Banking Program. Dann werden wir sehen…
I too thought he was EB, which EB might not appreciate!
I cannot believe we’re still talking about gold.
What the hell are you talkimg about the economy is doing well.
Wow you are drinking the coolaid. Dont Beleive what they spew out:
"um um um um um"
he is not native, so what
Instead of BTC would
Contrast and compare with the Micro Level retail transactions.
PM backed Crypto Ccy such as KAS Kinesis Lode and SlvT tokens are more stable, reliable and set to be the future for retail transactions.
David any chance of doing a video on this sector ?
Excellent interview.
"Then you have a heart attack and die"
-David Lin
There's not heightened geopolitical instability there is 100% geopolitical instability🙏🙏 I'm not a particularly religious man but maybe it is time for the return of someone?
We are waiting for the 3 month / 10 year yield curve to uninvert. That is when we crash. We will see a liquidity, collateral, and debt crisis. Gold is going to cash with all other assets because people are going to need money. Gold is a hedge to a falling dollar not a falling economy. In crashes people flock to the dollar not run from it. Which means the dollar goes up and gold goes down. Gold is not the future, BTC is the future. BTC is the best performing asset of all time not gold. Last thing, Gold has been doing well because we still have inlfation. It is not as bad (9%) but it is still going up (3%) just at a slower pace. As long as inflation rate is still going up gold will go up. If we get hyperinflation gold is going to surge... but BTC will surge even more. In order for central banks to back their currency with gold that means that gold needs to be trading at at least 40k an ounce. Do you think we go from 2k to 40k an once? No of course not. Gold is too cumbersome ... crypto is not. Governments are going to go toward digital currency not gold. There is your counter argument to the bullish gold outlook.
Romans 3:23 "For all have sinned, and come short of the glory of God"
Everyone is going to die one day and after death comes a place for all sinners called hell which is eternal torment, but there is no need to fear because we were given a savior 2,000 years ago and his name is Jesus, so trust in Jesus today as your savior from hell. Christ is the only solution to the sin problem in our world and the eternal penalty as a result, which is ultimately part of our nature passed down from adam and eve due to their rebellion against God. The good news is that there is a savior from the penalty of sin that God the father sent, and that is his only Son Jesus Christ, born of a virgin and without a sin nature like the rest of mankind. The father established the Old Testament law, which was morally perfect to show man's imperfection in attempting to keep it. But Jesus, being perfect, kept the law perfectly, thus fulfilling the law. However, he didnt just fulfill the law, he also died on the cross as a substitute for all mankind's sin. The penalty for sin is death, so God sent his own son to pay the penalty for Mankind so we dont have to go to hell. The lake of fire is referred to as "eternal/spiritual death" so when Christ died for you and me, he satisfied the father's wrath against our sin. Afterwards, he was buried and then rose again after 3 days, conquering the grave. He did this so that mankind can recieve eternal life as a free gift, all you have to do is believe it was done for you. The gospel of john states "He that believeth on the son hath everlasting life, but he that believeth NOT the son shall not see life but the wrath of God abideth on him." Believe in the original Greek language translates to "pistueo" which means to entrust, in this case, to entrust ones eternal destination to Christ. Ephesians 2:8-9 "for by grace you have been saved through faith, and not of yourselves it is a GIFT of God. Not of works lest anyman should boast." Simply believe what Christ already did for you to receive eternal life.
So is he saying that a new phenomena that overrides the business cycle and fundamental economic laws and principles? Seems a bit religious.
Silver is cheaper than chocolate
Here come the gold bugs...
Here come the anti-gold bugs...
@@INTERNETVIDmore for us..their loss in the future 🍻
David: Neither yourself or Ronnie deserve to be interrupted by a bobblehead like trump! Be careful of your advertising subjects.
gold is a fools game
you need to get a house or youre not worthy as a human
Uhm uhm uhm . Bring some educated guests who can speak English
Long time fan. But man, all these guys with their 19th-century ideas and strategy. The fact is that if you look at the top asset classes' performance over the past 20 years in real terms, commodities come in dead last. Most have them have not kept up with inflation, but gold and silver are absolute money losers. I hold a tiny bit of metal for a grid-down apocalyptic scenario, but not as an investment strategy. And most of us will die within 3 months in that scenario, so...gld, slv, dividends? Good luck.
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣