Investor Presentaiton
Gold is the World's Most Important Commodity
Gold demand as a store of wealth.
Gold Price vs S&P500 Index 1995 to 2023
(year to August)
•
Fiat currencies are being devalued through expansionary
monetary policy on a scale never before seen.
5,000
4,000
•
US inflation (CPI) peaked at 40 year high of 9.1% in June 2022,
and continues to remain above target levels.
3,000
2,000
Gold price has risen to more than $2,000/oz recently
.
Central banks purchased a historical high of 1,136t net gold in
2022.
Gold price is up 12% in last year to $2,015/oz (25 January 2024).
Gold is much larger than crypto
1,000
0
1995-01-01
2001-09-01
2008-05-01
2015-01-01
2021-09-01
Gold price (USD/oz)
S&P 500 index
What Happens to Gold When the Fed Stops Hiking Rates?
Gold, in USD (lhs), and Federal Funds Rate (rhs), 01/2000-10/2023
.
Bitcoin & Ethereum are together worth $1 trillion
•
Gold mined is worth more than $10 trillion.
2 500
2000
SMIL
incrementum
•
Gold makes up 0.5% of personal investment portfolios currently,
versus 40-year average of 2%.
Gold price may rise on risk of recession and geopolitics
•
•
•
Positive factors include persisting inflation, risk of recession,
geopolitics, and deceasing global dependency on the USD
The gold price more than doubled between 2007 and 2011.
The last three times the fed stopped hiking interest rates, the gold
price rose +66%, +189%, and +50% in the years that followed.
1 500
1.000
500
+189%
+66%
0
2000
2002
2004
2006
2008
2010
2012
2014
-Gold
Source: Reuters Eikon, Incrementum AG
incrementum
2016
7,00%
6,00%
5,00%
IGWT
Reput
4,00%
+50%
3,00%
2,00%
1,00%
0,00%
2018
2020
2022
-Federal Fund Rate
80
39
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