by Pater Tenebrarum
My articles My siteAbout meMy videosMy books
Follow on:TwitterSeeking AlphaFacebook
The New In Gold We Trust Report is Here!The In Gold We Trust 2020 report by our good friends Ronald Stoeferle and Mark Valek was released last week. It is the biggest and most comprehensive gold research report in the world. As always it contains a wealth of new material, as well as the traditional wide-ranging collection of charts and data that makes it such a valuable reference work for everything of interest to gold investors or indeed for anyone interested in precious metals (a download link to the report is provided below).
|
Left: casting gold bars. Right: using gold as a shield against assorted slings and arrows. |
| Here is a brief overview of the main subjects discussed in the report:
As an aside, yours truly has also contributed a brief chapter to this year’s report, namely the chapter on capital consumption starting on page 192. As this year’s IGWT report is published, gold has finally clearly reentered a bull market. Of course, with hindsight it is obvious that a bull market was underway ever since the mid-cycle correction ended in late 2015, but it was initially a very labored, halting affair, a “stealth” bull market if you will. And while gold may not yet be at a new all time high in US dollar terms, it has reached new highs in numerous other major currencies: |
 . Gold priced in USD, XAD, EUR, JPY, CAD and ZAR. The 2011 – 2015 bear market was quite severe in US dollar terms – equivalent to the size of the mid-cycle bear market from 1974 to 1976 – but in non-dollar currencies is was in many cases essentially nothing more than a shallow pullback. |
Download link to the IGWT 2020 Report:
In Gold We Trust 2020 – The Dawning of a Golden Decade (PDF)
Enjoy!
Chart by stockcharts
Full story here Are you the author?You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: Inflation is there, CHF must Rise
2021-06-14
Update June 14 2021: SNB intervening. Sight Deposits have risen by +0.2 bn CHF, this means that the SNB is intervening and buying Euros and Dollars.
COVID in India
2021-05-26
I have just returned from a visit to my family in India. It was hard to escape. To get to the US from India, I needed a COVID test. The Indian government has seriously restricted who can provide COVID testing, treatment, and vaccination. Private doctors and hospitals that are not approved face brutal legal consequences if they provide COVID treatment.
No Work in Europe Thanks to Lockdowns
2021-03-04
The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events.
In One Image, Everything You Need to Know about Government Intervention
2021-02-15
While I freely self-identify as a libertarian, I don’t think of myself as a philosophical ideologue. Instead, I’m someone who likes digging into data to determine the impact of government policy. And because I’ve repeatedly noticed that more government almost always leads to worse outcomes, I’ve become a practical ideologue.
Extreme Poverty Shifts Gear… in Reverse
2021-02-11
The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events.
Did You Make Janet Yellen Rich?
2021-02-08
The Stress of Losing Billions. Up until the WallStreetBets crowd short squeezed Melvin Capital for a $7 billion loss, Robinhood had it made. But losing billions is stressful. And when your product blows up your customer the clucking that follows comes hot and heavy.
A Future Hunger Pandemic
2020-12-29
The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events.
Grantham’s ‘Real McCoy’ Bubble in a World Gone Mad
2020-12-21
The Lure of Easy Money. Right now happens to be an attractive time to do something stupid. What’s more, everyone is doing it. Maybe you are too. Stock valuations and corporate earnings growth no longer appear to matter. Why not buy an S&P 500 index fund and let it ride? Or, better yet, why not buy shares of Nvidia?
Tags: newsletter,Precious Metals
