The 12th edition of the annual In Gold we Trust report discusses three fundamental turning points affecting the global monetary system. The authors of the report RonaldPeter Stoeferle and Mark Valek refer to these as “Monetary Turns of the Tide”:

1. Turn of the tide in monetary Policy
   The fact that the liquidity tide is going out marks the first time in ten years that financial markets are facing a real test.
2. turn of the tide in the global monetary System
   Gold is beginning to play a more prominent role in the currency policy deliberations of central banks, above all as a result of growing geopolitical polarization, increasing overindebtedness and the continuing process of “de-dollarization”.
3. Technological turn of the tide
   Blockchains and cryptocurrencys are offering a multitude of innovations as virtual means of payment and stores of valueDownload the compact version of “In Gold We Trust Report”

   Download the extended version of “In Gold We Trust Report”