Ronald-Peter Stoeferle and Mark Valek have released the 12th edition of In Gold we Trust, titled “Gold and the Turning of the Monetary Tides”. The authors are founders and managing partners of Incrementum AG, based in Liechtenstein.

This asset management company takes the view that the current “uncovered credit money system” is not sustainable. That is, excessive global debt and extreme central bank activity has lead to a fragile economic system. The company invests accordingly on behalf of the partners and their clients.

With this approach it is no surprise that Stoeferle and Valek produce one of the world’s most important gold reports. There are two versions, a 45 page compact version and a 230 page extended version. At the very least read the compact version, a side benefit is that every page has interesting quotes on a variety of topics.

The broad conclusion is that gold is at the start of a bull market, supported by a wealth of interesting data. For example, the relationship between gold and the price of beer at Oktoberfest.

Here is the link for both Compact and Extended. Both can be downloaded as pdf’s.

01 June 2018 Commodities