Advisory Board Discussion Q2 2018: “The Market is Grossly Underestimating the Impact of Quantitative Tightening and Inflation” feat. special guest John Hathaway

Dear investors, friends and clients,

We recently had our quarterly advisory board discussion with special guest John Hathaway, the grandseigneur of the gold and mining industry.

Which topics did we discuss during the call?

• QT: The market is going through its biggest stress test in 10 years
• Which resistance level must gold break to start rising again?
• What are the consequences of the escalating trade war?
• Are we in a new bull market for gold? Which gold stocks does John particularly like at the moment?
• Are we going to see inflation further picking up in 2018?

We hope that you will find our discussion insightful and inspiring!

Kind regards from Liechtenstein and have a great weekend,

Ronald-Peter Stoeferle & Mark J. Valek