Journal
May 2024
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In Gold We Trust – 18th Edition “The New Gold Playbook”
Good Morning Ladies and Gentlemen “Plurality of opinions is the engine of democracy.“ Hannah Arendt My partners Ronni and Mark Every May, my partners, Ronald P. Stöferle and Mark J. Valek, look horrible, overtired, exhausted, and still happy. This is because the “In Gold We Trust” report is due every May, and until it […]
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Are We Fit Enough?
Good Morning Ladies and Gentlemen “It is the duty of the human mind to understand that there are things it cannot understand.“ Soren Kierkegaard Ideology – general aspects Liberal, democratic structures based on capitalism no longer seem to be desired by a considerable number of voters. Ideological views are advocated with a vehemence that leaves […]
April 2024
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What if China …
Good Morning Ladies and Gentlemen “I’m afraid the masquerade is over…” From the song “The Masquerade is Over” by Allie Wrubel & Herb Magidson What if China What if China, as suggested in a recent article in a biweekly Swiss financial newspaper, exports goods at subsidised prices to markets outside China due to sluggish domestic […]
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Quarterly Reporting
Good Morning Ladies and Gentlemen “Hedonistic societies do not endure.” by George Orwell Extract from the quarterly reporting for our private customers Today, I want to share some extracts from our quarterly report to Incrementum’s private clients. Comparison of returns What return would you have generated if you had invested in standard asset classes from […]