Chartbook of the In Gold We Trust report 2020

The Dawning of a Golden Decade

This year has been an extraordinary one to say the least. We have seen the total failure of monetary policy normalization. Also, a big event was the long overdue recession which was accelerated by Covid-19. In the midst of all of this, trend setting monetary and geopolitical upheavals took place and many more are to be expected.

The Status Quo of Gold

For gold the year was full of excitement. Fuelled by high volatility we saw gold crossing the magical USD 2000 mark. Currently, we are witnessing a healthy correction.

Silver’s Silver Lining

In this year’s report we also took a closer look at silver. Once again, we see how silver outperforms gold. While the gold/silver ratio is still around 80 we see silver still having a lot of potential.

Mining Stocks – The Party Has (Just) Begun

After having cleaned their house during the bear market, mining companies are now benefiting greatly from the high gold and silver prices. We are currently still some time away from the end of this bull market.

Quo vadis, aurum?

The title of this year’s report was “The Dawning of a Golden Decade” and we mean it. Our predictions for the further development of the gold price this decade raised a few eyebrows. Our conservative prediction was USD 4,800. In a more inflationary environment, we came up with USD 8,900.