The new IGWT report for 2019 will be published at the end of May…

…and for the first time a Mandarin version will be released as well.

 

Gold compared to other financial assets – from the IGWT chart book

 

In the meantime, our friends at Incrementum have decided to release a comprehensive chart book in advance of the report. The chart book contains updates of the most important charts from the 2018 IGWT report, as well as a preview of charts that will appear in the 2019 report.

A brief summary of the contents:

 

  1. A Turn of the Tide in Monetary Policy: Events in Q4 clearly showed that a “monetary U-turn” is currently on its way, which means that further large-scale experiments like MMT, GDP targeting and negative interest rates might be expected in the course of the next severe downturn.
  2. A Turn of the Tide in the Global Monetary Architecture: Renunciation of the US-centric monetary order (“de-dollarization”) is now making headlines.
  3. Gold‘s Status Quo: 2019 ytd, gold is up in almost every major currency. In many currencies (AUD, CAD) gold trades at or close to new all-time highs! Despite the rally that started in August of last year, sentiment is still bearish.
  4. Gold Stocks: Mining stocks are in the beginning of a new bull market. Creative destruction has taken place, and leverage on a rising gold price is higher than ever. The mega-merger between Barrick and Randgold may have marked the bottom.

 

The file can be downloaded here:

 

Preview-Chartbook of the “In Gold we Trust”-Report 2019 [PDF]

Enjoy!

PS:  Pater briefly out of order again…

 As regular readers may have guessed already, we were once again inconvenienced health-wise over the past week or so, but we are now at our desk again.

 

 

 

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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.

   

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