Aus dem Journal
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In Gold We Trust-Report 2026 Preview Chartbook
Wie es die Tradition will, freuen wir uns, unser Preview Chartbook zu präsentieren – ein erster Einblick in einige der zentralen Themen und visuellen Darstellungen, die den diesjährigen Report prägen werden.
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The Goal
Good Morning Ladies and Gentlemen “All this hasty ‘shooting from the hip’ will have massive long-term consequences for U.S. financial hegemony. Washington is increasingly losing control here.” Ronald P. Stöferle, Partner at Incrementum AG From a historical standpoint, the belief that relations between Europe and the US have reached unprecedented precariousness today is fundamentally […]
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The Market’s Blind Spot: Energy‑Driven Inflation in a World Beyond Gravity
Good Morning Ladies and Gentlemen “What started as an event a year ago became a pattern, became a trend, and is now a certain trend that can be extrapolated.” Peter Atwater The Greeks and Spartans inflicted substantial losses on the Persians, who, under King Xerxes, held advantages in both numbers and weaponry. The Battle […]
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Peace Priced In; Orderly Markets and a Fragile Narrative
Good Morning Ladies and Gentlemen “Iran’s so far away, stocks can hit a record.” John Authers The ten-year inflation rates remain significantly lower than the levels observed during the Liberation Day panic. Despite the recent uptick in energy prices, the inflation swap market is exhibiting only a gradual increase. It maintains a stable trajectory, […]