Category: Downloads

In Gold We Trust report 2019 Gold in the Age of Eroding Trust

Posted on by Incrementum AG

Dear Ladies and Gentlemen,

we are delighted to send you the 13th edition of our annual In Gold We Trust report, titled “Gold in the Age of Eroding Trust”. The report’s leitmotif refers to the erosion of trust in politics, society, and the global monetary architecture.

Among others, the following topics are covered in the In Gold We Trust report 2019:

  • Review of the most important events in the gold market over the past 12 months
  • “The Monetary U-Turn” and its impact on the gold price
  • The increasing importance of gold as reserve asset in a time of de-dollarization
  • Gold and cryptocurrencies – a solidifying friendship
  • Gold stocks: reasons for our confidence (ESG, technology, valuation)
  • Outlook for gold price development


Further highlights of this issue are:
Exclusive interviews with

  • Jim Rogers, the world-renowned investor: “Whenever you see problems, remember weiji!”
  • Freegold/FOFOA: In Gold We Trust 2019 contains the highlights of an interview with the legendary blogger. The entire interview can be downloaded from our website at www.ingoldwetrust.report/freegold

Guest contributions by    

  • Prof. Steve Hanke: “Hyperinflation: Much Talked About, Little Understood.”
  • Keith Weiner on “Gold Bonds”
  • Mark Burridge (Baker Steel): “Reforms, Returns and Responsibility – How can gold mining equities become more important during the next gold cycle?” 


We are proud that for the first time our In Gold We Trust report will also be published in Chinese, on June 18, 2019.

We would like to invite you to join us on our annual journey and hope you enjoy reading our 13th In Gold We Trust report as much as we enjoyed writing it.
Have a great day and please do not hesitate to contact us if you have any questions! 

Yours truly,

Ronald-Peter Stoeferle & Mark J. Valek
Incrementum AG

Monetary U-Turn – When Will the Fed Start Easing Again? Incrementum Advisory Board Q1/2019 – feat. Special Guest Trey Reik (Sprott USA)

Posted on by Incrementum AG

Dear investors, friends and clients,

Are we at the cusp of a Monetary U-Turn? What will the Fed do next; hike, ease, or keep their hand on the pause button?
During this quarter’s advisory board call we had a lively discussion between Jim Rickards, and special guest Trey Reik, about the Fed’s likely next move.

Trey works at Sprott USA, and has deep knowledge about gold, gold mining stocks, and monetary policy.

During the call we also talked about:

• What sort of chairman is Powell showing himself to be?
• Is institutional interest for gold finally coming back?
• How is the fed using balance sheet normalization in conjunction with interest rate policy?
• What is central bank purchasing of gold signalling to the market?

We hope that you will find our discussion insightful and inspiring!

Have a great week!

Kind regards from Liechtenstein,
Mark J. Valek & Ronald-Peter Stoeferle
Incrementum AG

Incrementum Inflation Signal: Reversal To “Rising Inflation” – Interpretation and Investment Impact

Posted on by Incrementum AG

Dear investors, advisory board members and friends,

We hereby want to inform you that as of the beginning of January, our proprietary inflation indicator has switched from “FALLING INFLATION” to a full blown “RISING INFLATION” signal.

In the following please find a detailed analysis and interpretation of the Inflation Signal and our current macro thoughts, as well as the impact on the investment process.

Ladies and gentlemen, we believe that current valuations in inflation sensitive assets are a tremendous buying opportunity which we want to utilize.

Best regards,

Mark J. Valek & Ronald-Peter Stoeferle
Incrementum AG