In Gold we Trust 2016
Gold is back! With the strongest quarterly performance in 30 years, the precious metal in Q1 2016 emerged from the bear market that had been in force since 2013. A decisive factor in this comeback is growing uncertainty over the recovery of the post-Lehman economy. After years of administering high doses of monetary painkillers, will the Fed succeed in discontinuing the practice? Or is the entire therapy about to be fundamentally questioned?
More about the gold report 2016 you will find here.
In Gold we Trust 2015
Little has changed with regard to the factors affecting the gold price. Yields on government bonds are low and the opportunity costs of holding gold accordingly remain negligible. Several central banks are currently engaged in QE-programs and are trying to weaken their currencies. Technical analysis shows that the bottoming phase of the past several years hasn't concluded yet. For the next twelve months we are forecasting a price range of approx. USD 1,200 – 1,250.
More about the gold report 2015 you will find here.
In Gold we Trust 2014
We are currently on a journey to the outer reaches of the monetary universe. We believe that the monetary experiments currently underway will have numerous unintended consequences, the extent of which is difficult to gauge today. Gold, as the antagonist of unbacked paper currencies, remains an excellent hedge against rising price inflation and worst case scenarios.
More about the gold report 2014 you will find here.
In Gold we Trust 2013
Even though the consensus is convinced that the gold bull market has ended, we remain firmly of the opinion that the fundamental argument in favor of gold remains intact. There exists no back-test for the current financial era. Never before have such enormous monetary policy experiments taken place on a global basis. If there ever was a need for monetary insurance, it is today.
More about the gold report 2013 you will find here.
In Gold we Trust 2012
The foundation for new all-time-highs is in place. As far as sentiment is concerned, we definitely see no euphoria with respect to gold. Skepticism, fear, and panic are never the final stop of a bull market. In the short run, seasonality seems to argue in favor of a continued sideways movement, but from August onwards gold should enter its seasonally best phase. USD 2,000 is our next 12M price target. We believe that the parabolic trend phase is still ahead of us, and that our long-term price target of USD 2,300/ounce could be on the conservative side.
More about the gold report 2012 you will find here.
In Gold we Trust 2011
The (financial) world is currently long in questions but short in answers. We believe that gold is still one of the few right answers in times of chronic uncertainty. In what is now our fifth Gold Report we want to explain why our long-term target of USD 2,300, set for the first time three years ago, could come out on the conservative side.
More about the gold report 2011 you will find here.
In Gold we Trust 2010
2009 was an exciting and lucrative year for gold investors. Our first target price of USD 1,300 was almost reached, but to reiterate an earlier statement – our actual target is USD 2,300/ounce. The gold price broke the USD 1,000 mark on a sustainable basis and increased by 24% y/y in USD terms and by 20.5% y/y in EUR terms. But 2010 and beyond should turn out even more interesting for gold – and we would like to discuss the reasons in our fourth annual Gold Report.
More about the gold report 2010 you will find here.
In Gold we Trust 2009
Since our initial recommendation in 2007 at USD 650, gold outperformed almost every other asset class. The gold bull market has been running with an annual performance of 16% since 2001. Gold closed the year 2008 with the eighth annual increase in a row. And in the year to date, the performance has been outstanding as well: the gold price has recorded an increase of 7% (in USD) and 8% (in EUR), respectively. The average price in 2008 was USD 872/ounce, i.e. 25% higher than in 2007 (USD 695).
More about the gold report 2009 you will find here.
In Gold we Trust 2008
The first chart of the report is a prime example of the impressive performance of highquality gold shares even in a volatile market scenario. This cross section is not just a list of top-performers, but the result of the objective selection of gold mining shares that have shown to perform clearly above average over a long period of time. Since we rated the industry environment very favourably in our previous gold report of May last year, some of these shares have already been on our weekly recommendation list for months. This latest gold report will now illustrate in detail why the sector should remain attractive for a good number of years more. This sector analysis provides the interested investor not only with a comprehensive body of know-how as basis for decision-making in the gold sector, but also with various additional and extraordinarily attractive investment ideas.
More about the gold report 2008 you will find here.
In Gold we Trust 2007
Gold is a chemical element and a precious metal. The chemical symbol for gold is AU, which is derived from the Latin name aurum. Since the beginning of recorded history, the yellow metal has held a special attraction for people and was often the cause of wars and conquests. Gold was one of the first metals worked by humans, because it is found in nature as an element and can easily be alloyed with other metals and processed mechanically very well.
More about the gold report 2007 you will find here.