Incrementum published its annual "In Gold we Trust" report back in June. In it, the firm argued that if the Fed fails to raise interest rates at the trajectory it expects and investors lose confidence in the dollar, "this would go hand in hand with rising commodity prices and a return of inflation and would represent a 'perfect storm' for gold."
"After years of pursuing low interest rate policies, central banks have maneuvered themselves into a lose-lose situation: Both continuing and ending the low interest rate regime harbors considerable risks," Ronald-Peter Stoeferie wrote.
"Gold is increasingly attractive in this environment."
The report was over 140 pages long, but the following slides summarize its key ideas.
Thanks to Incrementum for allowing us to run this presentation.