Journal

Dr. Stefan M. Kremeth Incrementum AG Hans G. Schiefen Dr. Christian Schärer Mark J. Valek Ronald-Peter Stoeferle Stefan Thume

September 2020

September 11, 2020

The Outperformance of Gold – A Possible Explanation

Dear Ladies and Gentlemen I was asked to write an article on gold for the “Global Executive” magazine. The introductory part of the article reads like this: “By August 21, the year to date price of gold had gone up a hefty 27%. While many other asset classes experienced difficult times, the gold price not […]

August 2020

August 28, 2020

The relativity of Inflation

Dear Ladies and Gentlemen Many thanks for all the inspiring and challenging messages I received to my last weekly mail. The topic “fear of inflation” indeed triggered a lot of comments, and I apologize for the somewhat delayed answering to some of them, as I was overwhelmed by the sheer number of emails I had […]

August 21, 2020

Fear of Inflation

Dear Ladies and Gentlemen I hope you all had an inspiring summer and were able to relax and decompress from what for many was a challenging first half of 2020. I did enjoy a vacation in Switzerland, at home, working in the garden, reading, cooking (I started experimenting with vegan recipes) and playing golf. The […]

July 2020

July 17, 2020

Corrigendum

Dear Ladies and Gentlemen Many thanks for your messages on my weekly mail on crude oil. I received many positive feedbacks. Thank you very much. However, my old friend Mark noticed a mistake. I wrote: “Venezuela’s daily production stands at roughly 600 million barrels per day, while in 2017 they were producing 1.9 million on average […]