In Gold We Trust 2019 – Gold In The Age Of Eroding Trust

May 29, 2019

We are happy to report that the new In Gold We Trust Report (2019) has been released today and the download link can be found at the end of this post.

Ronnie Stoeferle and Mark Valek of Incrementum and numerous guest authors once again bring you what has become the reference work for anyone interested in the gold market.

They are honoured that some of the thought leaders of the gold market read and support their annual In Gold we Trust report! #IGWT19

Mark O’Byrne @MarkTOByrne comments on the @IGWTreport:

“Put not your trust in money, but put your money in trust.”
Oliver Wendell Holmes

Key Takeaways

• Trust is the basic value of interpersonal cooperation and the cement of our social order. The erosion of our “trust capital” can be observed in many areas of society.

• The breakdown of trust in the international monetary order is manifesting itself in the highest gold purchases by central banks since 1971 and the ongoing trend to repatriate gold reserves.

• Gold reaffirmed its portfolio position as a good diversifier as trust in the “Everything Bubble” was tested in Q4/2018. While equity markets suffered doubledigit percentage losses, gold gained 8.1% and gold mining stocks 13.7%.

• The normalization of monetary policy was abruptly halted by the stock market slump in Q4/2018. The “monetary U-turn” that we already forecasted last year has begun.

• Recession risks are significantly higher than discounted by the market. In the event of a downturn, negative interest rates, a new round of QE, and the implementation of even more extreme monetary policy ideas (e.g. MMT) are to be expected.

• When it comes to trust in investments, our vote is clear. Trust looks to the future, forms itself in the present, and feeds itself from the past. Gold can look back on a successful five-thousand-year history as sound money.

And here is the download link to the 2019 IGWT Report – Enjoy!

In Gold We Trust 2019 – Gold in the Age of Eroding Trust (PDF)

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

Gold is found in nature in quartz veins