Ronald Stoeferle: European Central Banks Are Repatriating Their Gold

Germany, the Netherlands, and Austria are bringing home their gold reserves

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Ronald Stoeferle

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Jim welcomes back Ronald Stoeferle CMT, author of the popular “In Gold We Trust” research reports, to discuss the gold markets. Ronald notes that central banks in Germany, the Netherlands and Austria are starting to repatriate their gold reserves held outside their borders. He also states that many central banks are moving beyond central banking activities into central planning. As to the gold markets, Ronald is short-term bearish on the price of gold, but sees great value in the gold miners, especially quality mid-cap and junior producers.

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