Face to face with Ronald-Peter Stöferle on gold
Stöferle asks whether real interest rates have turned positive or structural debt problems have been solved … in the absence of such a development the positive fundamentals are well in place for gold. The lack of counterparty risk is an important quality of gold, which gives it an advantage over fiat currencies.
He explains that he is very confident on gold mining companies because they provide leverage on the price of gold, especially the juniors. However he is not bullish on mining stocks in the very short term, since he is bearish on the stock market and has not yet seen gold miners decoupling from the crowd.
This interview was recorded on October 1, 2011 in Vienna. (The transcript of a more recent interview with Mineweb is here.)
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