Incrementum-月度黄金指南针——2025年5月（英）_82页_3mb

报告摘要

The report underscores gold and silver as primary global currencies, independent of counterparty approval.
The 2025 report highlights gold's performance across major currencies, demonstrating its historical role during recessions and market volatility.
Silver is noted for its industrial applications and price signals, though typically more volatile than gold.
Macro analysis includes detailed inflation tracking across multiple countries and the impact on investment strategies.
Proprietary models, such as the gold and silver recession phase metrics, show effectively preserving capital during economic downturns.