In Gold We Trust Report

At the end of every May, Incrementum publishes one of the most comprehensive gold studies in the world.
New Zealand Bullion Depository is proud to sponsor The In Gold We Trust report 2023, released in May 2023.

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.


Analysis and Commentary

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 ephocal changes occurring in markets and geopolitics.
  5. Quo vadis aurum? - Providing an outlook for gold, silver, and mining stocks.


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



New Zealand Bullion Depository recognises that true service goes beyond safeguarding your precious metals, but also to securing your peace of mind.


Even before the first safe was purchased, we have worked with specialised organisations to ensure that our service is the most comprehensively covered, understood, and secure we could create.


NZBD is dedicated to providing a service that exceeds expectations and gives you peace of mind. Every effort is taken to ensure uncompromised security at all times.


New Zealand Bullion Depository specialises in allocated segregated physical gold and silver precious metal storage.


+64 9 551 0465



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