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Sunday, July 27, 2014

Gold Stocks Most Undervalued (Relative) to Gold in 70 years! | Ronald Stoeferle





Ronald has written an extensive annual "In Gold We Trust" Report on gold since 2006 that has appeared on CNBC, Bloomberg and Zero Hedge. He now co-manages a gold mining, oil producer and commodity fund in Europe. During this 35+ minute interview, Jason asks Ronald about his background and what got him interested in gold. Jason and Ronald talk about the macroeconomic situation, inflation, global QE and why gold was in a cyclical bear market from 2011-2014. Ronald thinks 2011-2014 was a mostly disinflationary period for the developed world but now inflation is picking up again and gold's secular bull market has returned. Jason and Ronald discuss European sentiment towards gold as well as Swiss refiners ability to source physical gold to turn into 1kg bars to sell into Asia and the Middle East. Ronald thinks demand for physical gold is strong out of India, China, Asia and the Middle East and will continue to increase in the years to come. Jason then asks Ronald about the gold mining stocks. Ronald says physical gold is for insurance and for savings but the gold stocks are the cheapest relative to gold they have been in 70 years according to his research and that they are a contrarian's delight for value investors.
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