The 11th Annual In Gold We Trust Report

This year’s Incrementum In Gold We Trust report by our good friends Ronald Stoeferle and Mark Valek appears about one month earlier than usual (we already mentioned in our most recent gold update that it would become available soon). As always, the report is extremely comprehensive, discussing everything from fundamentals pertaining to gold, to technical analysis to statistical studies on the behavior of gold under different economic scenarios.

 

August gold, daily – gold itself continues to look fairly strong recently, but its rally is currently not confirmed by precious metals stocks.  Silver is lagging the advance as well – click to enlarge.

 

In fact, there is no other gold study available that contains a comparable wealth of valuable statistical information in chart form. Anyone with the slightest interest in gold as an investment asset (and these days that should include everybody) will find interesting information in this report, which can serve as a highly useful “gold reference manual”.

The report also discusses a number of developments that may have a particularly noteworthy effect on gold prices in coming years. The future of the US dollar as the global reserve currency is one of the special topics tackled in great detail this year, as is the rise of populist politics, and potential “black swans” or “gray swans”, which continue to lurk in the global financial landscape, awaiting discovery by the unwary.

An extra treat in this year’s report is an exclusive interview with Dr. Judy Shelton,   one of president Trump’s economic advisors and a strong advocate of upgrading gold’s monetary role. It is clear that the unsustainable debt accumulation and the disastrous boom-bust cycles of recent decades have brought the world ever closer to an abyss. Eventually, something will have to be done to bring the monetary system back to a sustainable configuration – whether it happens voluntarily or not seems to be the main question. Dr. Shelton has a number of interesting ideas on how one might best go about this.

 

Annualized growth in the global stock of gold vs. the annualized growth rate of central bank balance sheets since 2003. You have one guess whether mother nature or our vaunted central planners issue the sounder money – click to enlarge.

 

The dynamics of the debt money system, the phenomenon of capital consumption (which we believe is an “under-reported” major economic problem – although not on this web site, to be sure), the war on cash, and the rise of Bitcoin all have dedicated chapters in this year’s report. Recurring features such as gold’s portfolio characteristics, the history of gold’s purchasing power and a comprehensive technical, sentiment and market structure analysis section on mining shares as well as gold and silver round out the report.

 

Looking at this chart of real vs. financial assets, one feels reminded of the old saw “buy low, sell high” – click to enlarge.

 

Gold priced in an index of the most important non-dollar currencies vs. gold price in USD. In currencies other than the dollar, the secular bull market in gold has already resumed after a run-of-the-mill correction in 2012-2014.

 

Download Link

The complete report can be downloaded here-  enjoy!

In Gold We Trust 2017 (pdf)

 

Charts by barchart, Incrementum

 

 
 

 
 

Dear Readers!

You may have noticed that our so-called “semiannual” funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.

   

Bitcoin address: 1DRkVzUmkGaz9xAP81us86zzxh5VMEhNke

   
 

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