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Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams to MacroVoices. Erik and the panelists discuss:

  • Fiat currency debasement
  • Yellen, MMT and debasement, how could it play out differently
  • Commodities and different ways to hedge
  • Cryptocurrencies, Bitcoin and its role as a debasement hedge

Download the podcast transcript: [Click Here]


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Ronald-Peter Stöferle, CMT

Ronnie is managing partner of Incrementum AG and responsible for Research and Portfolio Management. He is responsible for 2 investment funds that focus on precious metals and inflation-sensitive assets. 

He started as an analyst at Vienna based Erste Group and set up the Commodity Research, primarily focussing on oil and precious metals. In 2007 he published his first In Gold We Trust report. Over the years, the In Gold We Trust report has proceeded to become one of the benchmark publications on gold, money, and inflation. This year’s edition was read by almost 2 million people and was for the first time also published in China.

Since 2013 he has held the position as reader at scholarium in Vienna, and he also speaks at Wiener Börse Akademie (i.e. the Vienna Stock Exchange Academy). In 2014, he co-authored the international bestseller “Austrian School for Investors”, and in 2019 “Die Nullzinsfalle” (The Zero Interest Rate Trap). He is a well-known keynote speaker, and has delivered presentations in 30 countries already. Moreover, he is an advisor for Tudor Gold Corp. (TUD), a significant explorer in British Columbia’s Golden Triangle. Ronnie is married and proud father of 3 daughters.

Grant Williams

Much to his chagrin, Grant Williams has reached 30 years in finance.

Over that period, he has held senior positions at a number of investment banks and brokers in locations as diverse as London, Tokyo, New York, Hong Kong, Sydney and Singapore.

Grant is portfolio and strategy advisor to Vulpes Investment Management in Singapore and also one of the founders of Real Vision Television — an online, on-demand finance channel showcasing the brightest minds in finance.