Ronald-Peter Stoeferle of Incrementum shares takeaways from the latest "In Gold We Trust" report, emphasizing that gold is currently in a bull market consolidation phase. He believes the metal is in the midst of a "golden decade" that will ultimately take it to US$8,900 per ounce.
"If we have a look at the relative valuation on gold, I think this gold bull market is standing on granite, not on sand. So I think on a relative basis this is a very, very healthy bull market," he explained.
Read this year's "In Gold We Trust" report: https://ingoldwetrust.report/subscribe/?lang=en
Ronald-Peter Stoeferle is a managing partner and fund manager at Incrementum in Liechtenstein. He is the creator and author of the annual "In Gold We Trust" report, which he has been publishing for 20 years. With over 2 million downloads annually, it is widely regarded as the "gold standard of all gold studies" (Wall Street Journal), monetary and inflation analysis. A sought-after speaker and analyst, Stoeferle is a leading expert on precious metals and global macroeconomic trends.
Stoeferle's details:
X: @RonStoeferle
LinkedIn: Ronald-Peter Stoeferle
"In Gold We Trust" report: www.ingoldwetrust.report
Incrementum: www.incrementum.li
This interview was filmed on May 21, 2026.
0:00 - Intro
2:52 - Back to the monetary future
5:19 - Gold in consolidation phase
9:41 - What drives gold's next leg?
13:40 - US economic outlook
18:11 - Will the US revalue gold?
24:50 - East vs. west gold demand
28:46 - Safe-haven vs. performance
32:08 - Silver price catalyst to watch
34:35 - Gold's path to US$8,900
40:09 - Outro
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