The 2020 In Gold We Trust Report: Summary
Gold in the last 12 months
Only a few weeks after publishing last year’s Report we surpassed the resistance zone of around 1360 and gold entered a new phase of the bull market. We can expect new all-time highs, also in US dollar terms. Looking at more recent days, we see that gold did exactly what it was supposed to do and served as the solid rock during the turbulent times of the corona-crisis.
Gold in times of MMT, helicopter money and corona
Last year we already predicted, that dark recession clouds where forming. The yield curve inverted and many other signals where all pointing towards an upcoming recession. Even though COVID19 broke the camels back we want to stress that even without it we would have run into problems. In the current crisis even more drastic measures were taken by central banks and governments. In the current climate even things like MMT and helicopter money seem very likely. This would be positive for the gold price.
Gold as the save heaven during the debt crisis
With governments entangled in the zero-interest rate trap, gold will likely become even more important when countries are faced with rising inflation and can’t do much about it.
Silver, golds lighter brother
This year we dedicated a howl part of the In Gold We Trust Report taking a look at the silver market in great detail. Currently silver is very cheap compared to gold, we hold the view, that this will change as soon as the bull market in gold really takes off.
Mining stocks and Gold
The light is shining on mining stocks again. Over the last four yearlong bear market, mining companies have cleaned house and are now ready for the upcoming party. Generalists have entered the market again and many other factors like the rising gold price have given mining stocks a good tailwind.
Also featured in this year´s In Gold We Trust Report are articles looking at the De-Dollarization, gold as seen in the bible. We also take a look at gold demand in Asia, the stock to flow ratio and many more.
Timetable:
0:15 Title and the IGWT team and sponsors.
1:30 Review of the last 12 months.
3:35 Gold in times of MMT, helicopter money and corona.
5:11 Gold as the save heaven during the debt crisis.
6:22 Silvers silver lining.
7:28 Mining stocks: the party has begun!
8:58 Other articles in the IGWT Report 2020
10:30 Quo Vadis, Aurum?
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