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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.

pdf 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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OPEN ACCESS FILE
WHY GOLD, WHY NOW

For those seeking a deeper understanding of gold's role in the modern investment portfolio

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The China Syndrome
The groundbreaking series on China's pivotal role in the gold market

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BlackSwans YellowGold
The standard reference on how gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation

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Gold Chartography 101
The case for gold ownership in ten charts you will never see on CNBC

How would you invest money you didn't need for ten years?
"Perhaps we spend too much energy trying to foretell the future, and too little trying to be resilient whatever happens."

keynes young
Keynes on the menace
of printing money

How the celebrated economist might have structured his investment portfolio today.

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mkMichael J. Kosares, the author of these articles, has more than 40 years experience in the gold business. He is the founder and executive director of USAGOLD (both the website and gold brokerage service), the author of three books on the gold market, and the editor of "News & Views, Forecasts, Commentary & Analysis on the Economy and Precious Metals," the firm's client letter. He has written numerous magazine and internet essays and is well-known for his ongoing commentary on the gold market and its economic, political and financial underpinnings.

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