Report Shows Why Gold Should Be Way Up, Not Why Gold Isn’t

A zillion reasons why gold should be going way up in price…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

The new annual “In Gold We Trust” report from financial house Incrementum’s Ronald-Peter Stoferle and Mark J. Valek has been published, containing a zillion reasons why gold should be going way up in price but not much if anything about why it hasn’t gotten there. For that information you’re probably still stuck with GATA. (As the White Queen told Alice: “Jam tomorrow and jam yesterday, but never jam today.”) 

The report may be most interesting for the transcript of a long discussion among the report’s authors and GoldMoney research director Alasdair Macleod, who at least remarks that central banks are “sitting on the price of gold … because it’s a rival in this fiat paradigm.” Macleod, whose commentaries are often cited by GATA, believes that central banks eventually will be compelled to avert destruction of their currencies by returning them to some form of gold backing.

Incrementum’s new “In Gold We Trust” report is titled “Stagflation 2.0” and can be downloaded here:

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