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Financial policy is mosting likely to drive rising cost of living, according to Ronald-Peter Stoeferle.
Stoeferle talked to Kitco on Friday. He is taking care of companion at Incrementum AG.
" I believe we must concentrate much less on what the central banks are doing, as well as we should focus extra on what financial policy is," claimed Stoeferle. On Monday President Biden authorized a $1 trillion infrastructure costs.
" I think we must concentrate on what's coming from the White Residence in regards to framework projects … since this has a direct effect on economic growth, however additionally on rising cost of living compared to the past years of quantitative easing."
0:20: Gold prices spikes in the fall of 2021
2:50 Buying gold is on the rise
5:20 Why gold miners are established for their most profitable year ever before
6:58 Inflation is not temporal
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Worried about inflation? Don't focus on the Fed
Fiscal policy is going to drive inflation, according to Ronald-Peter Stoeferle.
Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG.
"I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill.
"I think we should focus on what's coming from the White House in regards to infrastructure projects ... because this has a direct impact on economic growth, but also on inflation compared to the past decade of quantitative easing."
0:20: Gold prices spikes in the fall of 2021
2:50 Investing in gold is on the rise
5:20 Why gold miners are set for their most profitable year ever
6:58 Inflation is not transitory
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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