Physical Gold Fund Hosts Global Perspectives with Alex Stanczyk and special guest Ronald Stoeferle February, 2017
Welcome to Global Perspectives, a new podcast featuring some of the sharpest minds in the world. We delve into the key concerns, opportunities, mindset, and practices of some of the most successful professional money managers, entrepreneurs, and world class personalities today.
This episodes special guest is Ronald Stoeferle.
*Quantitative Easing (money printing) does not seem to be working. The market knows that the Central Banks at some point will lose control of the situation.
*Recent as well as historic evidence shows that command economies do not work
*The most important price in the market, the interest rate is being manipulated by Central Banks and is the root cause of market volatility
*Low interest rate policy, to zero interest rate policy, to negative interest rate policy and its impact on gold
*The zero-interest rate trap is adding fragility to the global system
*Fatal long term consequences of zero interest rate policy for institutional investors and society itself
*Monetary inflation is working as a tax where some are benefitting to the detriment of others
*Central banks are still a long way from normalization. This has a strong effect on the fragility of the market.
*Natural systems mimic financial systems in many ways, and shows us that trying to control it is a fool’s errand
*What the Austrian School of economics is, and why it matters
*Inflation happens in three stages. Monetary inflation, then asset price inflation, then finally comes velocity of money and price inflation in the regular economy
*Three types of people observing the economy and where this is going to lead
*Bond market yields in the US relative to Eurozone
*Anti-fragility and which assets may thrive in an increasingly fragile market
*Why gold is one of the most liquid assets / currencies on earth
*The global debt situation will resolve in time. Which pathways can this take.
*Focusing on the big picture, and ignoring the daily noise
You can learn more about Ronald Stoeferle at: http://www.incrementum.li/en/
You can follow Alex Stanczyk on Twitter @alexstanczyk
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