May 24, 2023
Vancouver, B.C.


VANCOUVER, BC, May 24, 2023 – Tudor Gold Corp. is once again a proud Premium Sponsor of the Incrementum AG annual gold publication of ‘In Gold We Trust Report 2023. Ronald-Peter Stoeferle, partner of Incrementum AG and responsible for Research and Portfolio Management, serves as a director at Tudor Gold. He has been advising the company since March 2017.

The annual In Gold We Trust report for this year was unveiled at an international press conference and live online event on May 24, 2023. The theme for this year’s report is “Showdown”.

The press conference of the In Gold We Trust Report 2023 can be viewed at:

You can find all information about the press conference here:
Press | :

This year’s In Gold We Trust report can be downloaded free of charge at the following links:

In Gold We Trust Report 2023

In Gold We Trust Report 2023 – Compact Version

The In Gold We Trust Report 2023 delivers several key messages, including:

1. A comprehensive analysis and future projections of developments in the gold market.

2. “Showdown” – marking the end of the era of bluffing.

3. Impending recession – potentially unfavorable news for central banks and stock markets, but a potential tailwind for gold.

4. Exclusive interviews with renowned analysts Zoltan Pozsar and Russell Napier, discussing the epochal changes occurring in markets and geopolitics.

5. Quo vadis aurum? – Providing an outlook for gold, silver, and mining stocks.

The In Gold We Trust report, spanning over 400 pages, has gained worldwide recognition and has been hailed as the “gold standard of all gold studies” by the Wall Street Journal. The previous edition of the report was downloaded and shared more than 2 million times, cementing its position as one of the most widely read gold studies globally. This year marks the 17th edition of its publication.

As in previous years, the In Gold We Trust report will be available in English and German, while a condensed version will also be released in Spanish. The Chinese version of the report is scheduled for publication in autumn 2023.

All previous issues of the In Gold We Trust Report can be found in the archive.

The Authors

Ronald-Peter Stöferle is Managing Partner & Fund Manager of Incrementum AG. Prior to that, he spent seven years in the research team of Erste Group in Vienna. In 2007 he began publishing his annual In Gold We Trust report, which has since gained international renown.Since 2013 he has held the position of reader at Scholarium in Vienna, and also speaks at Wiener Börse Akademie (the Vienna Stock Exchange Academy). In 2014, he co-authored the international bestseller Austrian School for Investors, and in 2019 The Zero Interest Trap. He is a member of the board of directors at Tudor Gold Corp. (TUD), a significant explorer in British Columbia’s Golden Triangle, as well as an advisor to Matterhorn Asset Management, a global leader in wealth preservation in the form of physical gold stored outside the banking system.

Mark Valek is Partner & Fund Manager at Incrementum AG. Prior to that, he worked for Raiffeisen Capital Management for over ten years, most recently as a fund manager in the Multi Asset Strategies department. As part of this position, he was responsible for inflation hedging strategies and alternative investments and managed portfolios with a volume of several hundred million euros. Since 2013 he has held the position of reader at Scholarium in Vienna, and he also speaks at Wiener Börse Akademie (the Vienna Stock Exchange Academy). In 2014, he co-authored the book Austrian School for Investors. Mark has also been active as an entrepreneur; for example, he was co-founder of philoro Edelmetalle GmbH.

Incrementum AG

Incrementum AG is an independent investment and asset management company based in the Principality of Liechtenstein. The company was founded in 2013. Independence and autonomy are the cornerstones of our philosophy, which is why the company is 100 percent owned by the five partners.


Incrementum AG

Im alten Riet 102


Ronald-Peter Stoeferle:
Mark Valek:

Press information (photos, press release):


This publication is for information purposes only and does not constitute investment advice, investment analysis or an invitation to buy or sell financial instruments. In particular, the document is not intended to replace individual investment or other advice. The information contained in this publication is based on the state of knowledge at the time of preparation and may be changed at any time without further notice.

The authors have taken the greatest possible care in selecting the sources of information used by them, but do not assume any liability (nor does Incrementum AG) for the accuracy, completeness or timeliness of the information or sources of information provided, or any liability or damages of any kind arising therefrom (including consequential or indirect damages, lost profits or the occurrence of forecasts made).

Copyright: 2023 Incrementum AG. All rights reserved.

SOURCE Incrementum AG


TUDOR GOLD Corp. is a precious and base metals explorer with properties in British Columbia’s Golden Triangle, an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.’s KSM property to the southwest and borders Pretium Resources Inc.’s Brucejack property to the southeast. The Company also has a 100% interest in the Crown Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including  the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.