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In Gold We Trust 28th of June 2016

Florian Grummes
Posted Jul 2, 2016

My dear friends Ronald-Peter Stöferle and Mark Valek have just published the 10th edition of their annual "In Gold We Trust" report.

I want to personally thank Ronni for including my Midas Touch Gold Model in the technical section starting on page 133.

This comprehensive report is a must read and will help you to get more clarity about why you should buy and hold gold. Click on one of the download-buttons to the left and find yourself a quiet place and some time to study this outstanding report.

To your success,

Florian Grummes


Dear investors and friends,
We are proud to send the 10th edition of our annual "In Gold we Trust" report. Putting together this year's gold report was even more exciting for us than it usually is, for two reasons: 

Firstly, this is an anniversary edition of the report: “In Gold we Trust” has now been published for ten consecutive years. Every year we are largely isolating ourselves from the outside world for a few weeks in order to write this publication. Aside from current events, we want to discuss historical and occasionally also philosophical aspects around the topic of gold. We want to thank our readers, who are inspiring us year after year anew to make the fascinating subject of gold accessible in an informative, comprehensible and entertaining manner.

Secondly, we believe that recent events in financial markets are confirming our views more than ever. On occasion of the anniversary, we permit ourselves to undertake a brief – and definitely self-critical - review of our most important statements regarding the gold price. When gold traded at USD 800 in 2008, we first called for a long-term price target at the inflation-adjusted all time high of USD 2,300, which must have appeared outlandish to many market participants at the time.

Here are some key takeaways of our study:

  • Gold is back, a new bull market is emerging
  • Increasing uncertainty about economic and political developments boosts the gold price
  • Monetary stimulus ongoing: the BoJ and the ECB are creating the equivalent amount of the world's entire annual gold production via their QE programs each month
  • BREXIT: Uncertainty will negatively affect growth. Further monetary and fiscal stimulus to be expected to counter further disintegration of the Union
  • The narrative of economic recovery is crumbling; US recession cannot be ruled out; faith in monetary policy measures declines
  • Continued depreciation of the US dollar and strength in commodities may lead to higher inflation, or maybe stagflation
  • The persisting low interest rate environment is leading to a revival in interest in gold investments on the part of institutional investors. In addition to gold, this generally means a positive environment for inflation-sensitive assets like silver and mining stocks
  • Incrementum confirms its long-term price target of USD 2,300 for June 2018

In Gold we Trust 2016 – English Extended (150 pages)

In Gold we Trust 2016 – English Compact (21 pages)

In Gold we Trust 2016 – Deutsch extended (160 Seiten)

In Gold we Trust 2016 – Deutsch Compact (21 Seiten)


Ronald-Peter Stoeferle, CMT
rps@incrementum.li Twitter @RonStoeferle

Mark J. Valek, CAIA
mjv@incrementum.li Twitter @MarkValek

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Jun 28, 2016
Florian Grummes
Midas Touch Consulting GbR
email: florian.grummes@goldnewsletter.de
website: http://www.goldnewsletter.de

Florian Grummes (born 1975 in Munich) is studying and trading the Gold market since 2003. Parallel to his trading business he is also a very creative & successful composer, songwriter and music producer.

The Midas Touch Gold Analysis & Strategy Newsletter is free of charge and will be published from time to time as it fits the author's busy schedule.

Disclaimer & Limitation of Liability: The above represents the opinion and analysis of Mr Florian Grummes, based on data available to him, at the time of writing. Mr. Grummes's opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Grummes is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in the Midas Touch. As trading and investing in any financial markets may involve serious risk of loss, Mr. Grummes recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Florian Grummes is not a Registered Securities Advisor. Therefore Mr. Grummes's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. The passing on and reproduction of this report is only legal with a written permission of the author. This report is free of charge. You can sign up here.

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English Translation by Florian Grummes.

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