Triple-digit silver is now a “certainty.” In this Outlook 2026 special, Ronald-Peter Stöferle, Managing Partner at Incrementum AG, breaks down why the “Golden Decade” is entering its aggressive second half—and why investors need to abandon the traditional 60/40 portfolio immediately.
Ronnie joins Jeremy Szafron to discuss the “4.5 Sigma” event in gold, the “Bretton Woods Realignment” signaled by U.S. policymakers, and his high-conviction call for silver to hit $100+. He also reveals why his proprietary “Active Aurum Signal” for miners recently flashed NEUTRAL, and what that means for your entry strategy in 2026.
Recorded on December 11 2025
This Outlook 2026 segment is brought to you by Discovery Silver. Combining high-quality gold production with one of the world’s largest undeveloped silver deposits. Learn more at ()
Follow Jeremy Szafron on X: @JeremySzafron (
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Follow Ronald-Peter Stoeferle on Twitter: @RonStoeferle (
CHAPTERS:
00:00 – Outlook 2026: The “Golden Decade” Part II
01:06 – Gold’s “4.5 Sigma” Event Explained
03:07 – Why The “FOMO” Rally Isn’t Over
04:47 – The Bull Market Confirmation Signal
09:28 – “Bretton Woods 2.0”: The Dollar Reset
17:28 – Central Banks Are Dumping Treasuries for Gold
20:21 – The $170 Trillion Bond Market Rotation
22:33 – The “New 60/40” (Why You Need Bitcoin & Gold)
26:24 – China’s “Silver Squeeze” Panic
27:03 – Silver Forecast: Why $100 Is “A Certainty”
28:00 – The Structural Silver Supply Crunch
28:53 – Why Silver is The “Perfect Storm” Trade
32:36 – Mining Stocks: Entering The “Golden Phase”
36:46 – Jurisdiction Risk: Where to Invest Now?
38:41 – The Death of ESG & The Return of Capital
47:28 – Physical vs. Paper: Who Controls The Price?
#Gold #Silver #Investing #Outlook2026 #Economy #Bitcoin #Mining #KitcoNews #Recession #Fed #Dollar
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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40 Comments
Ronald-Peter Stöferle says silver hitting $100 is “a certainty” and that gold is entering the strongest phase of its bull market. Is he right, or are markets getting ahead of themselves?
A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just. proverbs 13:22
the Lord is increasing the wealth of his people, to those who have heard.
We have some fabulous Australian mid- and small-cap miners who are currently rewarding handsomely. Come and check us out down here! Happy New Year to you both and to all at Kitco News.
There's a correction all right and its happening right now to the real price of silver!!!
5% Bitcoin is a waste.
I love watching these videos a few weeks later and seeing how wrong they are 😂
merry christmas to you both, good to see you back Ronnie
Could you please ask your expert guests – in case the government really does the much talked about monetary reset by significantly revaluing gold, what could possibly be the near, medium, and long-term impact on miners?
USAS , NFGC , IAUX for the win !
Outstanding guest! The smart investor understands how good it was. Thanks.
This guy's stats are funky or he just explains it badly. He assumes that the price of gold changes randomly and with explainable covariates. The problem is we don't know the covariates.
So when the price changes three standard deviations from the mean, we are saying that this is not a random move.
Derivatives…almost done now!
Is the Human Mind an
" Industry " ?
They could not figure out how to make good enough safe enough batteries until the demand arrived from ev and humanoid demands, both of which are tied to the hip of the fiber and tower network of total control. Funny how that works with the way that patents have been shelved for being too "disruptive" to the established economy. The individuals running the vertical authority paradigm are cruel sickos running a human farm.
Fantastic interview
Lost me at bitcoin…….
this kitco host absolutely sucks
Christmas snippet of philosophy.🎉
Never trust anyone called Jerome, Jeremy, Jeremiah, larry, Donald or Dwane.
Any 0pinions about there not being e😢nough physical silver available for whats been sold. Just asking. Not an opinion.
❤🎉
Irrelevant to the talk, but Ronald should use the Jabra evolve2 55 correctly with the delivered Jabra link 380 or 390 usb dongle for a better headset connection. Using those Jabra's on bluetooth or charging cables gives it too many voice issues.
Great interview with the "crazy Austrian'.
Good questions, Jeremy. And Ronald-Peter’s answers were well thought out and expressed. I can’t help wondering after listening to this and other interviews: Will we see some kind of gold hating boss in the backgrounds saying, “Go slow, talk down gold.” It’s just a feeling I’m getting. Probably I’m wrong.
Omg don’t interview a stutterer
Not being able to purchase physical gold happened here in Japan this October/November (2025)–unless you wanted to buy a kilo. None of the top five reputable traders had smaller quantities of gold in stock for over a month.
Gold Poem
– It dips you buy
– It grows you buy
– Buy until your die
The Federal Reserve (Fed) has resumed large-scale purchases of Treasury bonds, a move that experts believe shows the Fed and the Trump administration are determined not to allow certain financial giants to manipulate the position of the US dollar.
Good show
great
Why did your guest avoid the truth about the massive paper shorts here in the US, at least since 2011? "Oh, silver has been a big disappointment over the last years," and then "we were waiting and waiting" and speaks as though silver has a will of its own. I'm a nobody with very little, but having been thru 2011 and losing 90% of my position, this nobody started searching the internet for the reason. There was plenty to find. Nothing like today, but enough for me, a little scrub, to fire off a series of blistering emails to the SEC about all the illegal mountains of paper shorts. As expected, they went unanswered.
JPM has announced that they just ended a 22 billion dollar silver buying spree over the past 5 months. They have this physical now for blakk rokk (govt) and US industrial complex. The price of silver is about to rise to its true value. India and China also are ending their huge supply purchases this month and Dec will show as the month the LBMA rules changed forever.
Just super great guest. Very broad view on the subject.
India and china just allowed them to allocate gold / silver into their retirement accts 🎉🎉🎉🎉
34 times since 1971, 4.5 Sigma event price moves in Gold… with no mention of [50+ years] Government sponsed price suppression market actions via the largest Bullion banks? How can the use of technical analysis be reliably employed to evaluate corrupt markets such as Gold, or any precious metals?
Would Love to talk about the SOUND MONEY WALLET with 7k metals that they built, to answer the question at the end.
Kitco always interview the most uneducated "investors experts"
A very good chat. Thank you gentlemen.
Ah ah ah um umum…..
Very insightful perspectives!
Dr. Michael Berry went dark not long ago. 😂