The Big Long | In Gold We Trust report 2025
On May 15, 2025, this year’s – now 19th – In Gold We Trust report was presented at an international press conference broadcast live on the Internet. The authors of the report are Ronald-Peter Stöferle and Mark J. Valek, fund managers from Liechtenstein-based asset manager Incrementum AG.
The In Gold We Trust report 2025 covers the following topics, among others:
- Status quo of gold: price development over the last 12 months, key influencing factors and trends on the gold market
- Leitmotif: The Big Long or: The second half of the golden decade
- Update of the Incrementum Gold Model: The price target of USD 4,800 by 2030 remains unchanged; in an inflationary scenario, a price of up to USD 8,900 is conceivable.
- The dynamics of the New Gold Playbook presented in 2024 are solidifying. The influence of emerging Asian markets on the gold price is becoming increasingly significant.
- Demand from central banks remains significantly higher, and ETF demand from Western investors is now also increasing, albeit belatedly.
- The geo-economic realignment of the US is having an increasingly supportive effect on the gold price.
- Silver: Record gold/silver ratio meets structural supply deficit – significant catch-up potential relative to gold.
- Mining stocks – fundamental and technical situation
The In Gold We Trust report 2025 also includes a debate with star analysts Luke Gromen and Louis-Vincent Gave, titled “From Trade Restructuring To Monetary Reset?”. They discuss, among other things, the impact of Donald Trump’s tariff policy on the international monetary order and what a Mar-a-Lago accord could entail.
Here you find the Video:
Here you can download the report.
In Gold We Trust report 2025 – Compact Version
For additional information on the In Gold We Trust report, please click here.
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