From the Journal
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Hello, again! – The iPhone/Gold Ratio 2026
Hello, again! – The iPhone/Gold Ratio 2026 The iPhone and the In Gold We Trust report have one thing in common: both debuted in 2007. Both are thus celebrating their 20th edition this year. Apple is marking this anniversary — almost certainly without realizing it — with the most affordable cell phone of all time. […]
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O’zapft is! The Gold/Oktoberfest Beer Ratio 2026
O’zapft is! The Gold/Oktoberfest Beer Ratio 2026 This year’s 191st Oktoberfest is breaking all records—even before the traditional tapping of the first keg! At 240 Maß, the gold/Oktoberfest beer ratio has reached a new all-time high, surpassing the previous all-time high of 227 Maß set in 1980. Back then, however, a Maß cost only EUR 2.51. And gold […]
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Prosperity Favours the Patient
Good Morning Ladies and Gentlemen “US national debt passes $40tn after doubling in a decade.” BBC Headline News in August 2026 Reflecting on the mid-1990s, one vital lesson emerges for long-term investors: time is often a more formidable ally than attempting to time the market. When considering an investment horizon of at least three […]
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5% and Financial Markets’ Ruthless Habit
Good Morning Ladies and Gentlemen “We live in a time where intelligent people are being silenced so that stupid people won’t be offended.” Morgan Freeman Now, Ladies and Gentlemen, just imagine a young boy standing before a ferocious forest fire, peeing and directing a thin stream at the flames that reach a meter high. […]