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Gold Investing

Ronald-Peter Stoeferle: Gold Price Hasn't Topped, on Track for US$8,900

"If we have a look at the relative valuation on gold, I think this gold bull market is standing on granite, not on sand," said Ronald-Peter Stoeferle of Incrementum.

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.

Overall he believes the yellow metal is in the midst of a "golden decade" that will ultimately take it to his price target of US$8,900 per ounce.


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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.