Pandemic, Economic Shutdowns, Debt Crisis and Gold At $5,000/oz


◆ GoldCore are delighted to publish the 14th edition of the annual “In Gold We Trust” report, “The Dawning of a Golden Decade” by by our friends Ronald-Peter Stoeferle & Mark J. Valek of Incrementum AG.

Gold prices should rise to over $5,000/oz and may rise as high as $9,000/oz in the coming decade and by 2030, according to the respected report.

Gold is “on everyone’s lips again” and “we are now in a new phase of the bull market”.

The question that now occupies every gold-interested person is, how does the Covid-19 pandemic affect the price of gold? The authors take a deep dive into this question, as well as a whole spectrum of other topics.

Source: In Gold We Trust 2020 via Incrementum AG


The following topics are covered in the In Gold We Trust report 2020:

Review of the most important events in the gold market in recent months

An analysis of the impact of the Covid-19 crisis on the price of gold

The increasing importance of gold in times of de-dollarization

Silver – ready to fly high?

Gold and cryptocurrencies

Gold mining stocks: The bull market has started

Outlook for the gold pric in this decade: A gold price of around USD 4,800 suggested by our quantitative model, even with a conservative calibration of the parameters.

Guest contributions by
– Luke Gromen (FFTT LLC): “A Deep Dive into the Geopolitics of Oil, Gold, and Money”
– Terry Heymann (World Gold Council): “An Overview on Gold Mining Companies’ ESG Efforts”

In Gold We Trust (2020) report can be downloaded at the following links:
Extended Version (350 pages)
Compact Version (100 pages)




NEWS and COMMENTARY

Gold dips to 2-week low on growing recovery hopes

Gold hovers near 2-week low on hopes of economic recovery

Spain is deploying a basic income to citizens (2.5 million citizens / 1,108 euros per month)

World economic prospects darken, rebound delayed

Euro rallies on EU recovery fund proposals, yuan falls

Scotiabank sets aside $168 million for metals closure and investigations



Watch and Read Other Key Points From Interview Here



GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92
26-May-20 1722.75 1720.25, 1399.22 1393.57 & 1571.32 1566.63

22-May-20 1732.45 1733.55, 1421.99 1423.59 & 1588.83 1590.71
21-May-20 1732.80 1724.90, 1417.78 1410.45 & 1580.49 1571.04
19-May-20 1735.25 1737.95, 1416.14 1418.34 & 1584.11 1589.01
15-May-20 1734.85 1735.35, 1422.06 1427.67 & 1604.39 1602.60
14-May-20 1716.40 1731.60, 1403.67 1420.09 & 1587.84 1603.98
13-May-20 1699.85 1708.40, 1383.85 1394.74 & 1568.11 1573.09
12-May-20 1703.45 1702.40, 1381.84 1379.80 & 1574.50 1565.87
11-May-20 1698.80 1702.75, 1375.35 1378.55 & 1570.20 1571.81
07-May-20 1688.65 1704.05, 1366.29 1387.78 & 1565.21 1582.38
06-May-20 1698.90 1691.50, 1373.56 1366.73 & 1574.71 1564.13
05-May-20 1696.30 1699.55, 1363.83 1363.72 & 1566.36 1562.91
04-May-20 1703.70 1709.10, 1371.14 1374.63 & 1558.72 1563.83


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Mark O'Byrne

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