Interesting, but when you ask him for his evidence and which charts he's looking at re dropping inflation [and pivot], he said that it's some kind of proprietary inflation tool. The dude is guessing, and guessing badly. Later Stoeferle said inflation will be 'sticky'. He’s all over the place.
Oh its going to be the tipping po⁶int for the rich elites and the money in the pot is about to be raked in by retail that are in GameStop, Bed Bath & Beyond, and a few others. The market makers are dropping the prices of every stock owned mostly by retail traders!!
@@milky_joh6281 yea but we in India are exactly waiting for this tipping point...because we are doing awesome WHEN compared to other major economies...so interesting times
Thank God I always listen to Kitco and bought loads of Gold so that I am completely untouched by Inflation and plummeting markets.... Oh wait nothing goes down more than gold miners. Oh well...
@@jjsan27 yes and I never wanna use my money for anything.. Just waiting for Gold to pick up... As if millennials who by then also run big funds and banks will ever come to consider Gold as place for investment.
All these financial analysts are selling something. It’s like a carnival. The loudest carni sells the most. Or, more like Vegas, where the house always wins. 😂
You can’t make these predictions on the basis of everything being ‘relatively normal ‘. It is not relatively normal and almost anything could happen which might push gold up much higher than one can possibly conjecture.
Exactly!!! I thought I was going mad ! They’re talking about one or two charts without context of fake wars, contrived reasons to destroy food and food production globally! Yt is as bad as MSM now 🫤
I know the guest from many conversations. He is very diplomatic. He should actually address the politicians in the USA and in Europe. There are only more irresponsible idiots in power. That's why you can't really make predictions today. The interview is very good, very objective. Both are smart people with good manners.
@@huwhitecavebeast1972 Yes the senators who do their insider trading before the resolutions. And this is all known and not punished. Here you can see how unpredictable and criminal the state has become.
UK is going all in on fiscal stimulus to keep the rich and attract investment. The demographics are also the issue, you need the workers, and people with the right skills and they don't appear by magic overnight as employers seem to think they do. Gold is still a rudey-word as long as Russia/China hoard it and may dump it into the markets, which is why there is almost no institutional buying until they figure that one out.
I began my PM investing in mid 2020. I’m down 30%, but haven’t really changed my position mix. When we begin to see the other side of the reset my positions will probably do a 5x-20x to the upside. 👍🤔
@@jamesblazen3023 you have only lost if you purchased through USD. I live in Canada and gold is flat in the last 18 months. Other places around the world gold has gone up in value. The strong US dollar is your problem.
Peter and his team are superstars in the field. So much clean content to chew on and great to see the analysis from a qualitative and quantitative lense. Thanks for bringing him on
Inflation in the US based western economies will push higher towards hyper inflation until the world says no-more and resets the entire monetary system. There is really no alternative but to return to a gold & silver backed monetary systems with other commodities.
500 Experts-Billionaires-The Most Famous Traders All Saying The Crash Is Near? And then someone comes who says that things will turn around soon and everyone gets so happy. I'd rather buy 4 x more shares later than lose, ice in the stomach applies!💰💰💰
Definitely said 220....but I'm guessing he meant 120...the math on 220 is pretty scary and simply not even viable around the world in terms of foreign debt, let alone American conglomerates
In 2021- inflation worries, gold goes down in anticipation of fed raising rates Months later- inflation, gold goes down due to fed actually raising rates Today- permanent inflation, gold goes down due to idea of more rate hikes You can’t win, it never ends
WORLD BREAK UP: "The World is breaking up into two distinct economic zones: the "empire of the sea", or the "Western block of Nations" and the "empire of the land", or the "Eastern block". The formers currency is based on FIAT money, and the latter's on the emerging tandem of the commodities, gold and oil". - Charles Grave (French Economists"). If the Empire of the Land can exert an equal amount of influence on the global economy as the Empire of the Sea, then gold's price will - for once - be free of manipulation. Go the Empire of the Land!!
The argument that gold has done it's job in euro terms is flawed. If i was getting paid in euros and each month for the past year converted those euros to dollars i would have done significantly better than buying gold for the same period. But mental gymnastics prevent these types of people from admitting that they've been dead wrong on the gold trade and just keep regurgitating the same hopium narative in their echo chamber.
In fairness, I think he was referring to the 'official' assessment of inflation in the US. It is probably outside convention / civility for a European to question the US Government's official assessment of their own rate of inflation, in the course of an interview that is to be broadcast in the US. Diplomacy is always required if you are operating in an international arena. And he was not directly questioned on his thoughts on the true US inflation rate, so any comment he might have made on it, would have been outside the remit of the interview.
Can I give this guy a FU ? OK, house inflation to be down, but so far as butter, meat, any food and rent, they will not come down. Bet on it. Meanwhile, I am unable to raise my income by that amount. Nice having the rich telling you about disinflation.
The guys inflation indicator told him to get out of his trades this past summer and he says all the normal inflation's hedges haven't work. Guy needs to wake up a global depression nothing is going to work right. He sounds smart and most analyst do but still all they tell you really is time to buy the dip.
WONDERFUL INTERVIEW! Love the content and viewpoint analysis around East vis West global markets and gold with respect to forex markets. The wrap up and Gold to iPhone charts are a nice touch!!!
He gave no reason why inflation will drop. He assumes because leverage is so high that the small steps so far will have large consequences. However with interest rates still significantly below inflation that can't happen. Also no recognition that this crisis is largely due to supply side issues. He has built his entire argument on faulty assumptions.
"Elon Musk is not an economist", David says. But Elon got a B.A in economics, as well as in physics, from Pennsylvania University, and a 99.9 percentile general intelligence.
I am old enough to remember when KItCO wasnt in the business of click bait doomsday. Day after day after day for years now. Something changed and they went to Bear shilling. I guess for gold and bonds cause thats their business. At kne timw Kitco was credible.
Brainard said this: "Monetary policy will need to be restrictive for some time to have confidence that inflation is moving back to target. For these reasons, we are committed to avoiding pulling back prematurely". I do not see how this is dovish.
1969 Hong Kong flu pandemic. 1971 US default on gold backed dollar. 1973 Vietnam war ends. 1974 Oil shock / 3 day working week 1981 Interest rates 20% & gold peaks.
The massive debt is in essence an inflationary reserve, servicing the debt payments consume an increasing share of GDP. This is debt that will take a few generations to repay shrinking purchasing power in the private sector, in essence making everything more expensive relative to production. We are in deep S.
40 percent of garbage is paper. We might see a massive decline in the amount of garbage that ends up in landfills in Europe this winter. People are going to start feeding paper into their fireplaces.
![PySpark Full Course [2024] | Learn PySpark | PySpark Tutorial | Edureka](http://i.ytimg.com/vi/sSkAuTqfBA8/mqdefault.jpg)
Dave, you're such a good interviewer and conversationalist, great job 👍
Thanks 😊
Yes but that hair style doesnt fit him.
@24:45 he said that he can see the Dollar Index go to 220. Did he really mean 220 or 120???
This guy is overly optimistic I’d say
Not only is he overly optimistic I think he's borderline delusional
@@williamlu7413 yeah I agree. Was trying to keep it cordial haha
@@vottonlmvp haha I get it. At this point I’ve stopped caring about being cordial
I thought it was September the breaking point then they say October now it'd November.... these people don't know shit
And in ten years a loaf of bread will be $50.00...
Interesting, but when you ask him for his evidence and which charts he's looking at re dropping inflation [and pivot], he said that it's some kind of proprietary inflation tool. The dude is guessing, and guessing badly. Later Stoeferle said inflation will be 'sticky'. He’s all over the place.
it comes to the velocity
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please have him on again..good interview!:)
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Ronald Stöferle is firepower and huge knowledge in one person! Vienna Power 💪💪💪
Can we just get to the tipping point already
Amen! I hear ya!
Oh its going to be the tipping po⁶int for the rich elites and the money in the pot is about to be raked in by retail that are in GameStop, Bed Bath & Beyond, and a few others. The market makers are dropping the prices of every stock owned mostly by retail traders!!
Pretty sure most countries are already tipped
I know it’s so annoying a long exorcism
@@milky_joh6281 yea but we in India are exactly waiting for this tipping point...because we are doing awesome WHEN compared to other major economies...so interesting times
Definitely one of the best interviews at Kitco...thanks gentlemen!!
Kitco always has the best insightful interviews
Yes, a bit more...grownup? Than Stansbury Research
Great interview. Thank you for taking the time to do this one right, giving time to air out the topics a bit. Astute and timely.
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David Lin is such a class interviewer 👏🏼
I thought inflation was the increase of the money supply. Is the government going to stop printing money?
This is supply side inflation. They’re combating it by destroying the economy. Hence all the ‘breaking’ assertions.
The man said 2% will be 'the floor' lololololol
Hell no
It's one of the sources of inflation but not the only one. There are supply side problems and demand side inflation as well.
Inflation will stay. Fed interest will be pay by printing more money.
And the MARKET also believes in the Tooth Fairy, if they believe in the FED..
The global great depression has begun
Thank God I always listen to Kitco and bought loads of Gold so that I am completely untouched by Inflation and plummeting markets.... Oh wait nothing goes down more than gold miners. Oh well...
Isn't gold only down 5%?
Same. But I think we are setup for a good 2023-2030 lol.
@@FeelingPeculiar nope it's 25% from its highs and miners, and I mean the big "safe" ones such as Barrick and Newmont are down almost 50%
@@jjsan27 yes and I never wanna use my money for anything..
Just waiting for Gold to pick up... As if millennials who by then also run big funds and banks will ever come to consider Gold as place for investment.
All these financial analysts are selling something. It’s like a carnival. The loudest carni sells the most. Or, more like Vegas, where the house always wins. 😂
You can’t make these predictions on the basis of everything being ‘relatively normal ‘. It is not relatively normal and almost anything could happen which might push gold up much higher than one can possibly conjecture.
Exactly!!! I thought I was going mad ! They’re talking about one or two charts without context of fake wars, contrived reasons to destroy food and food production globally! Yt is as bad as MSM now 🫤
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He wants more fiscal stimulus. Show this man the exit door.
The psychopaths can't "build, back, better" unless they attempt to break everything first.
Great, intelligent, decent, & very educational video. Thank you!
I know the guest from many conversations.
He is very diplomatic.
He should actually address the politicians in the USA and in Europe.
There are only more irresponsible idiots in power.
That's why you can't really make predictions today.
The interview is very good, very objective.
Both are smart people with good manners.
If you know the plan you can absolutely make excellent predictions.
@@huwhitecavebeast1972 Yes the senators who do their insider trading before the resolutions.
And this is all known and not punished.
Here you can see how unpredictable and criminal the state has become.
UK is going all in on fiscal stimulus to keep the rich and attract investment. The demographics are also the issue, you need the workers, and people with the right skills and they don't appear by magic overnight as employers seem to think they do. Gold is still a rudey-word as long as Russia/China hoard it and may dump it into the markets, which is why there is almost no institutional buying until they figure that one out.
I began my PM investing in mid 2020. I’m down 30%, but haven’t really changed my position mix. When we begin to see the other side of the reset my positions will probably do a 5x-20x to the upside. 👍🤔
I am about the same. I am seriously PO'D though at the perpetual pumping because some event will happen to send us to Mars.
I could have written your post. It’s frustrating, but feel like I need to hold tight.
We are entering a deflationary bust. Gold will drop to $1,000 and Silver to $10.
@@jamesblazen3023 you have only lost if you purchased through USD. I live in Canada and gold is flat in the last 18 months. Other places around the world gold has gone up in value. The strong US dollar is your problem.
@@jamesblazen3023 , only digitally...possibly...won't get physical for that sort of money.
Peter and his team are superstars in the field. So much clean content to chew on and great to see the analysis from a qualitative and quantitative lense. Thanks for bringing him on
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Some good thoughts....I believe in gold and silver though.
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Inflation in the US based western economies will push higher towards hyper inflation until the world says no-more and resets the entire monetary system. There is really no alternative but to return to a gold & silver backed monetary systems with other commodities.
Reasonably open minded guest.
There is literally zero chance of inflation going to 2% its an insane idea to think thats possible if you can do math.
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Elon Musk is not an economist, he’s just a guy that keeps building multiple billion dollar companies though
Why didn't they raise interest rates sooner and more gradually, because they are incompetent.
500 Experts-Billionaires-The Most Famous Traders All Saying The Crash Is Near? And then someone comes who says that things will turn around soon and everyone gets so happy. I'd rather buy 4 x more shares later than lose, ice in the stomach applies!💰💰💰
David Lin and KITCO news you are absolutely killing it. AWESOME interview. Well done!
Did i hear Ronnie say DXY could go to 220??? Or did he mean 120?
He clearly said 220 which is ridiculous. He probably meant 120 which makes much more sense.
It will zoom past 220. Look at the chart from the monthly timeframe and see strong bullish momentum
Definitely said 220....but I'm guessing he meant 120...the math on 220 is pretty scary and simply not even viable around the world in terms of foreign debt, let alone American conglomerates
In 2021- inflation worries, gold goes down in anticipation of fed raising rates
Months later- inflation, gold goes down due to fed actually raising rates
Today- permanent inflation, gold goes down due to idea of more rate hikes
You can’t win, it never ends
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As you point out, there is NO environment where metals go higher it would seem? 2 years down for metals. Seriously, this is a rigged system.
@@goldismoney5899 it is. Gold is manipulated by CBS
WORLD BREAK UP:
"The World is breaking up into two distinct economic zones: the "empire of the sea", or the "Western block of Nations" and the "empire of the land", or the "Eastern block". The formers currency is based on FIAT money, and the latter's on the emerging tandem of the commodities, gold and oil". - Charles Grave (French Economists").
If the Empire of the Land can exert an equal amount of influence on the global economy as the Empire of the Sea, then gold's price will - for once - be free of manipulation. Go the Empire of the Land!!
The argument that gold has done it's job in euro terms is flawed. If i was getting paid in euros and each month for the past year converted those euros to dollars i would have done significantly better than buying gold for the same period. But mental gymnastics prevent these types of people from admitting that they've been dead wrong on the gold trade and just keep regurgitating the same hopium narative in their echo chamber.
Somebody better get their ass in gear and start solving issues or we are going to have worldwide chaos and anarchy!
Great guest. David brilliant as always.
Gold + silver going 🌤🚀🚀🚀
First video I've seen on this channel. Liked an subscribed, brilliant interview from both of you! Please have Ronald on again.
Inflation will NOT come down for the US citizens in terms of food and gas...
Always love hearing from Ronnie👍 Great interview💪
Bitcoin is a non productive asset. CARDANO is a productive asset
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next jear is a debt crises in europe ,gold will run to 2800 mid end next jeahr ,thats my forcast
Holy crap. I'm super impressed you can pronounce his name.
None of these guys knows what’s going to happen.
The Rubel is really strong against the USD
This guy is guessing a lot!
economic forecasting is an art - but economists treat it like a science 🤣 can't take any of them seriously
if this guy thinks inflation is 9%.
he is hopeless. im spending 20% more a month to maintain the standard of living I had in 2021.
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In fairness, I think he was referring to the 'official' assessment of inflation in the US. It is probably outside convention / civility for a European to question the US Government's official assessment of their own rate of inflation, in the course of an interview that is to be broadcast in the US. Diplomacy is always required if you are operating in an international arena.
And he was not directly questioned on his thoughts on the true US inflation rate, so any comment he might have made on it, would have been outside the remit of the interview.
cpi is at 9 % and this guy thinks the FED will pivot? The Fed is behind the curve and will need to raise rates to at least 9% before it can pivot.
I sure hope your guest is correct about the financial markets eventually rebounding upward in a straight line!
Interesting conversation. Patience is a virtue.
Can I give this guy a FU ? OK, house inflation to be down, but so far as butter, meat, any food and rent, they will not come down. Bet on it. Meanwhile, I am unable to raise my income by that amount. Nice having the rich telling you about disinflation.
Brilliant
🗽 In gold we trust....
After the USD died!
.
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did i hear it correctly ? he said DXY ( 24:25 ) can go to 220 ??? OMG and then he said GOLD easily can drop to 1500 (38:07) OMG OMG
Excellent interview btw.
Very good discussion, I respect this guy's insights.
Monster interview, David. Mr. Stoeferle is practical, reasonable, and bold. I praise and thank him, and others like him.
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The guys inflation indicator told him to get out of his trades this past summer and he says all the normal inflation's hedges haven't work. Guy needs to wake up a global depression nothing is going to work right. He sounds smart and most analyst do but still all they tell you really is time to buy the dip.
WONDERFUL INTERVIEW! Love the content and viewpoint analysis around East vis West global markets and gold with respect to forex markets. The wrap up and Gold to iPhone charts are a nice touch!!!
David, once again awesome interview. Super job!!
He gave no reason why inflation will drop. He assumes because leverage is so high that the small steps so far will have large consequences. However with interest rates still significantly below inflation that can't happen. Also no recognition that this crisis is largely due to supply side issues. He has built his entire argument on faulty assumptions.
"Elon Musk is not an economist", David says. But Elon got a B.A in economics, as well as in physics, from Pennsylvania University, and a 99.9 percentile general intelligence.
Lol 🙄
The economists are clueless
I am old enough to remember when KItCO wasnt in the business of click bait doomsday. Day after day after day for years now.
Something changed and they went to Bear shilling. I guess for gold and bonds cause thats their business.
At kne timw Kitco was credible.
In gold we trust report is a must read !
Brainard said this: "Monetary policy will need to be restrictive for some time to have confidence that inflation is moving back to target. For these reasons, we are committed to avoiding pulling back prematurely".
I do not see how this is dovish.
I love Ronald's thoughtful and insightful view of things. I especially appreciate his view of the situation in Europe!
1969 Hong Kong flu pandemic.
1971 US default on gold backed dollar.
1973 Vietnam war ends.
1974 Oil shock / 3 day working week
1981 Interest rates 20% & gold peaks.
2020s repeat.
2031 gold peak 10,000
*gōōdjöb thanks for the interview & precious metals summit* 💜🐾🐅🌴🕉️🌌🌊
Great interview…. Thanks David!
It'd be so cool if he'd say that Tarantino movie line: Say auf wiedersehen to your nuts !
Great guest
Excellent very intelligent guest and interview
The massive debt is in essence an inflationary reserve, servicing the debt payments consume an increasing share of GDP. This is debt that will take a few generations to repay shrinking purchasing power in the private sector, in essence making everything more expensive relative to production. We are in deep S.
I looked it up. Kettensäge searches have spiked in Germany.
French nuclear power plants 31 of them shut down at the same time due to service? you do understand how ridiculous that sounds right?
Oil going higher will destroy any expectations of inflation going down. I disagree with him in here.
40 percent of garbage is paper. We might see a massive decline in the amount of garbage that ends up in landfills in Europe this winter. People are going to start feeding paper into their fireplaces.
Don’t forget taxation inflation. Good infos in this video, very good research. Thumbs up, thx for sharing.
Did he say he could see the DXY going to 120 or 220 ?
220
@@PP-kr9ob stop
@@danwendt2221 yeah, i know😭 was waiting for him to correct himself... but he didn't, soooo... Cough
allways in futer ,gold go up. 5 jears ago was 12000 . puhh alll this erpert are nuts
Who else is tired of a small group of people screwing around with the financial system?
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The thing is, nobody has to be a part of it. It's all voluntary.
I enjoyed this interview but really disappointed in gold big time
History shows that gold does not rise at the beginning of a recession. Do your homework!
Kind of in a corner?How about 500 basis pts behind curve.
he must have bough the fomo at the top of last bear market rally
"Elon Musk is not an economist"
I think his net worth says he understands economies better than you two do.
Excellent discussion David.
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excellent news great job David Lin. A++++++
People so focused on this when the damaged has been started since the beginning of the year
I see equities, bonds and housing coming down dramatically but necessities in Core CPI still rising.
Nothing new under the sun ☀️ always the same cinema 🍿!
How long until powells vendetta against trump will be over?
When all signs point to a metals bear market, prepare for a major bull run.
$4800 in 10 years? How about $100,000 in 3 years.
Crypto will be extinct as a unregulated entity