7 key takeaways of the recent In Gold We Trust Report

Saudi Arabia will become a key player in the precious metals space. Gold to likely go onwards and upwards. Bitcoin could 10x within the next decade thanks to M2 money supply.

This post will look at the recent In Gold We Trust Report and look at 7 key takeaways from this report.

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In Gold We Trust

First and foremost, if you have time to read the full report then I would highly recommend that you do so. It’s 400+ pages of quality information, charts and more.

There are also ‘summary’ versions, which are approximately 70 pages. These are also very good to read, especially if you do not have time to or do not want to read the full report.

These 7 takeaways are my thoughts from reading both the full report in English and the shortened version in Spanish.

These 7 takeaways are designed to bring about the most crucial points of the report in my opinion. Please do go and read the reports for yourself in order to get a fuller picture of what is happening in the gold space at present.

You can access that report using the link below

In Gold We Trust Report 2025: The Big Long

NB - Some of these might come across as ‘no brainers’ but it would be remiss of me not to mention/state the obvious.

At the time of writing, there is currently a 60% chance of gold finishing 2025 above $3,200. Thank you to Polymarket for keeping an eye on this market.

7 Key Takeaways

1 - Saudi Arabia will play a bit part in the precious metals space moving forwards

Saudi Arabia are pretty much involved in everything right now, especially on the sports front. It also has superb access to a lot of untapped mineral wealth, including gold.

It is a country that has a lot of ambition and it is not a surprise to read that the kingdom is partnering with multiple mining companies in order to fully explore the potential of the Nubian basin.

Watch this space!

2 - Gold’s role as a strategic reserve is increasing

The USA freezing Russian assets in 2022 helped to accelerate the purchasing of gold by central banks. Central banks seem to be buying no matter what the price is.

This has accelerated demand and helps to underpin the gold bull market that we are seeing.

3 - Silver has a great potential

Structural deficits in the physical silver market will come back to haunt the paper markets. We are used to seeing Mr Slammy turn up when the COMEX opens yet this is only a game that can go on for so long.

Between 2021 and 2024, the cumulative shortfall in the physical silver market was 678 million ounces. There is a further deficit of 117 million ounces forecast for 2025.

This is not sustainable. Something will break in the market, thus sending the price much higher.

4 - Bitcoin is becoming a more widely recognised geostrategic asset and could 10X

The report explores Bitcoin’s rising significance as a potential reserve asset alongside gold.

This reflects a broader rethinking of the global monetary structure, where gold and Bitcoin could serve as a reserve in tandem.

There is also a feasible suggestion that Bitcoin could 10X based on the M2 money supply. It does not come across as being hyperbole or clickbait and is well thought out with charts to back up the thesis.

5 - Stagflation will be beneficial for gold

A stagflationary environment is emerging. This consists of a cooling US economy, inflation rates persistently above 2% (don’t believe what the official CPI data tells you), escalating trade wars and the potential of hot wars emerging.

Controlled devaluation of currencies (think lower DXY, Euro, Pound etc) will further enhance the appeal of gold as it acts as both an inflation hedge and to preserve purchasing power over time.

6 - Gold is going from defence to offence

Amongst the wonderful plethora of sporting anecdotes, it is made very clear that gold is transitioning from a defensive play to an offensive play.

More people are becoming more aware of the performance of gold and will likely jump on board the train to take advantage of this.

A lot of western retail (and possibly western institutions) have yet to wake up to gold. When they do, and combined with the devaluing of currencies, it will be golds time to shine. Watch out for a more offensive stance from the masses moving forwards.

7 - The ‘Golden Decade’ will likely continue

All of the above reasons contribute to a playbook that we have seen before.

When things go wrong in the economy, when currencies are devalued, when stagflation occurs, then gold benefits.

The report suggests $4,800 USD per ounce of gold by decade end. If an inflationary scenario plays out (likely in my opinion) then the target is $8,900 USD per ounce.

None of this is unreasonable in my opinion.

Got Gold?

I hope and trust that you found this summary useful.

As mentioned at the start, it is highly recommended that you read either the full or shortened reports. You can find them using the link below.

In Gold We Trust Report 2025: The Big Long