Ronald-Peter Stöferle
»Gold is money. Then, today and tomorrow!«- Ronald-Peter Stöferle

Ronald-Peter Stöferle


Research & Portfolio Management

Mark Justin Valek
»The farther back you can look, the farther forward you are likely to see.«- Winston Churchill

Mark Justin Valek


Portfolio Management & Research

About the IGWT Report

The gold standard of gold research

Ronald-Peter Stoeferle has written the annual ‘In Gold we Trust’ study for well over a decade. Since 2013 it has been co-authored by his partner Mark Valek.

It provides a “holistic“ assessment of the gold sector and the most important factors influencing it, including real interest rates, opportunity costs, debt, central bank policy etc.

The authors are proud that highly renowned companies are “Premium Partners” of the report.

»Whether you are a private investor, an asset manager, or a gold miner, ›In Gold we Trust‹ is the one gold report you have to read every year.«

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Jordan Eliseo
Chief Economist, ABC Bullion, Sydney

About the authors

Ronald-Peter Stöferle is a partner of Incrementum AG and is responsible for research and portfolio management. After graduation, he worked at Erste Group in Research, where he published the “In Gold We Trust” report for the first time in 2007. Over the years, the gold study has become the industry standard publication on gold, money and inflation.

Since the 7th Gold report, Ronald Stöferle has been supported by Mark Valek. Mark Valek is also a partner of Incrementum AG, responsible for portfolio management and research. Prior to co-founding Incrementum AG, he spent ten years working for Raiffeisen Capital Management, most recently as a fund manager in the area of inflation protection and alternative investments.

More information about the authors and Incrementum AG can be found here.

About Incrementum AG

Incrementum AG is an owner-managed and fully licensed asset manager & wealth manager based in the Principality of Liechtenstein.

What makes us stand out in the traditional asset management space? We evaluate all our investments not only from a global economic perspective, but by also taking into account global monetary dynamics. This analysis produces what we consider a truly holistic view of the state of financial markets. We believe our profound understanding of monetary history, out-of-the-box reasoning and prudent research allows our clients to prosper in this challenging market environment.