1) Change of the tide in monetary policy: the reversal from QE to QT will lead to a net decrease in central bank liquidity. This is the first big crash test for financial markets in a decade. 

2) Change of the tide in the global monetary order: In 2008 central banks turned from net-sellers of gold to net-buyers. China, India, Russia and Turkey are the big players these days. This is just one aspect of the big trend towards de-dollarization. Gold will play a major role in the multi-polar monetary order of the future. 

3) Change of the tide in technology: Crypto currencies and the blockchain-technology have come to stay. Gold and cryptocurrencies are though not foes, but friends. In fact, a collaborative approach would play to the strengths of both. The first gold-based cryptocurrencies are underway as we speak. 

  Further key topics and takeaways of the report: 

• Quo Vadis, Aurum? 

• Inflation vs. Deflation – The Big Showdown? 

• Precious Metals Shares – More Than Silver Lining? 

• China – the global economy’s Sword of Damocles? 

• Exclusive interview with Luke Gromen: “The dollar appears to be in Zugzwang!” 

• Exclusive interview with Dr. Richard Zundritsch, FA Hayek’s nephew: “Hayek would prefer gold to Bitcoin”