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Stoferle sees negative interest rates supporting gold

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Chris Powell

GATA

Published : June 28th, 2013

78 words - Reading time : less than a minute

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	The new analysis of the gold market by Ronald-Peter Stoferle, managing director of the Incrementum AG investment house in Lichtenstein and adviser to Erste Group in Vienna, concludes that despite the recent smashing of the gold price, "Due to the high levels of debt, nominal interest rates must remain near zero and real interest rates negative, providing a solid foundation for future gold price increases." Stoferel's analysis is posted in PDF format at Incrementum's Internet site here: http://www.incrementum.li/research-analysis/i...-we-trust-2013/

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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