In GOLD we trust -- Erste Group report

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In Gold We Trust

by Ronald-Peter Stoeferle, CMT - Erste Group Research

July, 2011

We at USAGOLD are pleased to post this 90-page report from Ronald Stoeferle of the Erste Group in Vienna, Austria on gold's future prospects. In this, the fourth installment of this widely read report, Stoeferle covers numerous catalysts affecting the gold market today, while predicting the price will surpass $2000 an ounce in the near future. Also discussed is gold's evolving role in the international monetary system, why gold is "still" not a bubble, and why negative real interest rates continue to provide the perfect environment for a sustained bull market in gold.

In Gold We Trust

Bloomberg does video interview with Erste's Ronald-Peter Stoeferle

Erste's Stoeferle interviewed by Lars Schall

Reprinted by USAGOLD with permission.

Erste Group Bank AG, Neutorgasse 17, 1010 Vienna, Austria.
Phone +43 (0)5 0100 - ext.
Erste Group Homepage: www.erstegroup.com
On Bloomberg please type: ERBK <GO>.

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