About the In Gold We Trust report
The gold standard of gold research
Ronald-Peter Stoeferle has written the annual In Gold We Trust report 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 In Gold We Trust report.
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 In Gold We Trust 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.
Mark Valek &
Ronald-Peter Stöferle
Portfolio managers and authors of the In Gold We Trust report
Meet the Team of the In Gold We Trust report 2026
Gregor Hochreiter
Editor-in-chief
Richard Knirschnig
Quantitative analysis & charts
Lois Hasenauer-Ebner
Quantitative analysis & charts
Doris Ringsmuth
Assistant
Stefan Thume
Webdesign & media
Abolade Akinfenwa
Contributor
Peter Árendáš
Contributor
Ted Butler
Contributor
Carlo “Migs” Caparas
Contributor
Contributor
Contributor
Proof reading
Proof reading
Theresa Kammel
Contributor
Lokaa Krishna
Contributor
Ronan Manly
Contributor
Paul Mylchreest
Contributor
Denis Ott
Charts
Giovanni Sala
Contributor
Charley Sweet
Proof reading
David Waugh
Contributor
»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.«
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.
