2020 was a wild gold year
In the long run, gold tends to keep pace with monetary inflation. Or, in other words, if the U.S. dollar depreciates against gold, gold retains its purchasing power. In any case, gold is a safe bet in the long run. But gold is also volatile and can cross above or below trend lines from a chart perspective. This can be triggered, for example, if real interest rates fall into negative territory.
There were high gold prices in 1974, 1980 and 2011. After that, not much happened with the gold price for years. But this time it's different, because the money supply has grown like never before. And money supply growth will continue in the new year, because money and fiscal policy have to support the economy. Every additional month of lockdown is expensive.
Many experts are therefore still pessimistic for this winter, but all the more optimistic for next fall. Most of them expect immunization and a return to normality. At the present time, one should reconsider one's economic orientation as much as possible. Because we are in a unique special situation. A post-Corona world is coming and will ensure further growth in equity values around the world.
Therefore, one could now position oneself with solid gold stocks. Kore Mining or Bluestone Resources would come into question.
Kore Mining - https://youtu.be/PS4jGzJLT7U - will continue to focus on its gold projects in California. The gold projects in British Columbia (FG Gold and Gold Creek in the Cariboo Gold District) will be spun off by Kore Mining and transferred to a new company (Karus Gold).
Bluestone Resources - https://www.youtube.com/watch?v=lauHNuCYADI - owns the Cerro Blanco gold project in Guatemala, which is pleasing with very high-grade drill results. In addition, there is the Mita Geothermal Project.
Latest corporate information and press releases from Kore Mining (www.resource-capital.ch/en/companies/kore-mining-ltd/) and Bluestone Resources (www.resource-capital.ch/en/companies/bluestone-resources-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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