It’s still months away, but amidst all the agitation on banking markets and anarchy in the all-around economy, you can’t advice but attending advanced to this year’s Oktoberfest.
Incrementum’s ninth anniversary In Gold We Trust address analyzes gold primarily as a budgetary asset and not as a article like say hops or barley.
The Liechtenstein-based asset managers achieve that “the aggressive position of gold about to cardboard money and added asset classes has bigger appreciably in contempo months” and accept 140 pages of archive and tables to prove it.
“Many comparisons from accustomed activity appearance that gold is currently not admired at an badly aerial level. While a “Mass” beer (one liter) at the Munich Oktoberfest in 1950 still amount a adapted EUR 0.82, the amount in 2014 stood amid EUR 9.70 – EUR 10.10 (average EUR 9,90).
“Thus, the anniversary amount aggrandizement of beer amounts to 4.2% per year back 1950.37 If one measures the beer amount in gold terms, afresh one accustomed 97 liters of beer per ounce of gold in 2014.