Discover and read the best of Twitter Threads about #IGWT
Most recents (8)
We feature quite a few charts, but our favourite remains the gold/Okteberfest beer ratio.
Gold has not only maintained its beer purchasing power over the last 12 months, the ratio even increased from 121 to 123 Maß Oktoberfestbier, despite the price increases in euros.
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Gold has not only maintained its beer purchasing power over the last 12 months, the ratio even increased from 121 to 123 Maß Oktoberfestbier, despite the price increases in euros.
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We also feature the iPhone/gold ratio. Every year, the latest Iphone is more expensive than the previous year.
But not if you hold gold. The first iPhone sold for 0.92 ounces of gold in 2007. Fifteen years later, only 0.75 ounces of gold are due for the iPhone 14 Pro.
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But not if you hold gold. The first iPhone sold for 0.92 ounces of gold in 2007. Fifteen years later, only 0.75 ounces of gold are due for the iPhone 14 Pro.
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Not only do holders of gold pay less than 15 years ago, but they also get a vastly superior product to that of the past, proving that gold is an excellent store of value.
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Introducing The Incrementum Recession Phase Model.
What assets perform well during a recession?
We look at 5 different phases of a recession and the performance of various assets during each phase.
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What assets perform well during a recession?
We look at 5 different phases of a recession and the performance of various assets during each phase.
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We analyzed eight recessions since 1970. Turns out that gold and mining stocks tend to perform quite well during a recession.
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We also look at different leading economic indicators to establish if a recession is imminent. Currently, all of
them are signalling an imminent recession.
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them are signalling an imminent recession.
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The top 10 facts in the 2023 #IGWT report.
A thread:
1. If the U.S debt ceiling is raised again, it will be the 79th increase since 1960, the 21st since 2000, and the 30th under a Democratic president. Republican Presidents have raised the debt ceiling 49 times.
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A thread:
1. If the U.S debt ceiling is raised again, it will be the 79th increase since 1960, the 21st since 2000, and the 30th under a Democratic president. Republican Presidents have raised the debt ceiling 49 times.
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2. Gold, you are the apple of my eye… in terms of purchasing power! In 2007, the first iPhone cost $599 or the equivalent of 0.92 ounces of gold. Fifteen years later, only 0.75 ounces of gold are due for the iPhone 14 Pro, which cost $1,499 at its launch in September 2022.
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3. Despite US equities becoming more undervalued in the last year (Shiller P/E ratio 38.3 in 2021 vs 2022’s figure of 28.3), gold is still historically undervalued compared to US equities. The Gold/S&P 500 ratio of 0.49 is significantly lower than the long term average of 1.66
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The birth of the petroyuan.
A thread:
At #IGWT we have been writing about de-dollarization for a number of years. This topic is often misunderstood and is a theme playing out over decades, not years.
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A thread:
At #IGWT we have been writing about de-dollarization for a number of years. This topic is often misunderstood and is a theme playing out over decades, not years.
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We regard Chinese President Xi Jinping's visit to Saudi Arabia for the China-Gulf Cooperation Council (GCC) Summit a pivotal moment in this storyline.
What is the GCC, what are they planning and why is it important?
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What is the GCC, what are they planning and why is it important?
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The GCC member countries are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). Together, the GCC countries deliver more than 25% of the world's total crude oil exports, with Saudi Arabia alone accounting for 16.5% of worldwide crude exports in 2001
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Looking to get up to speed on changes taking place in the global economy and the impact they will have on #gold?
Drawing on content from our #IGWT report–including contributions from @Breedlove22 and Russell Napier–the five threads below are a good place to start.👇🧵
Drawing on content from our #IGWT report–including contributions from @Breedlove22 and Russell Napier–the five threads below are a good place to start.👇🧵
1/ Our report tackles the economic status quo and explains why "monetary climate change" is on its way.
This thread outlines gold’s performance over the past year, explains how this relates to macroeconomic trends, and gives our forecasts for the future.
This thread outlines gold’s performance over the past year, explains how this relates to macroeconomic trends, and gives our forecasts for the future.
2/ Structural economic changes are taking place around the world, and these changes make higher inflation more likely.
Russell Napier has been a deflationist for decades. He now sees inflation ahead… but not for the reasons you might expect.
Russell Napier has been a deflationist for decades. He now sees inflation ahead… but not for the reasons you might expect.
What is Money?
A chapter of our 2021 #IGWT report – by guest author @Breedlove22 – explores this question.
This thread gives you a flavor of what to expect from Robert's masterfully written chapter, which you can read in full here: bit.ly/3fpQEeT
#IGWT21
A chapter of our 2021 #IGWT report – by guest author @Breedlove22 – explores this question.
This thread gives you a flavor of what to expect from Robert's masterfully written chapter, which you can read in full here: bit.ly/3fpQEeT
#IGWT21
1/ Money is first and foremost a medium of exchange.
Humans can produce more through cooperation than in isolation, and money serves as humanity’s connective tissue, facilitating universal exchange.
The functionality of free markets is only possible with money.
Humans can produce more through cooperation than in isolation, and money serves as humanity’s connective tissue, facilitating universal exchange.
The functionality of free markets is only possible with money.
2/ Money is also the most marketable good.
The demand for every economic good is split between utility and marketability.
The greater the marketability of a good, the more “moneyness” it exhibits by being more exchangeable or liquid in the marketplace.
The demand for every economic good is split between utility and marketability.
The greater the marketability of a good, the more “moneyness” it exhibits by being more exchangeable or liquid in the marketplace.
Our #IGWT 2021 report is out today!
Chapter One gives an overview of #gold in the context of the economic status quo.
How has gold performed? How has it been affected by macroeconomic trends? What are our forecasts?
This thread provides a summary👇
bit.ly/3fpQEeT
Chapter One gives an overview of #gold in the context of the economic status quo.
How has gold performed? How has it been affected by macroeconomic trends? What are our forecasts?
This thread provides a summary👇
bit.ly/3fpQEeT
1/ Over the past 12 months, #gold has reached new all-time highs in almost all currencies.
With a gain of 24.6%, gold’s performance in 2020 was stellar in US dollar terms.
It was weaker in euro terms at 14.3%, but still well into double digits.
With a gain of 24.6%, gold’s performance in 2020 was stellar in US dollar terms.
It was weaker in euro terms at 14.3%, but still well into double digits.
2/ At the same time the global macroeconomic situation has worsened.
The Covid-19 pandemic added about $24trn to the global debt mountain last year.
It has now reached a record level of $281trn, and the global debt-to-GDP ratio now exceeds 355%.
The Covid-19 pandemic added about $24trn to the global debt mountain last year.
It has now reached a record level of $281trn, and the global debt-to-GDP ratio now exceeds 355%.
The Covid-19 pandemic will have profound implications for the global financial system.
Drawing on insights from our 2020 #IGWT report, this 20 tweet thread (created by @TheAustrian3) looks back at our past predictions and offers thoughts on what to expect for the decade ahead.👇
Drawing on insights from our 2020 #IGWT report, this 20 tweet thread (created by @TheAustrian3) looks back at our past predictions and offers thoughts on what to expect for the decade ahead.👇
1/ At the start of the Covid-19 outbreak, remarkable things were already happening in the global economy.
The US Treasury yield curve had inverted.
A $12tn market for negative yielding government bonds had emerged, meaning governments were being paid to borrow.
The US Treasury yield curve had inverted.
A $12tn market for negative yielding government bonds had emerged, meaning governments were being paid to borrow.
2/ The attempt at monetary normalization by the Federal Reserve between 2017 and 2019 had to be reversed, as we predicted it would in our 2017 #IGWT report.
The Fed cut interest rates three times in the second half of 2019 and resumed quantitative easing.
The Fed cut interest rates three times in the second half of 2019 and resumed quantitative easing.
