A good combination: gold, nickel and cobalt
It is clear that gold and gold mines belong to a broadly based portfolio. Because with it the investor can arm himself against all kinds of adversity. Topic monetary devaluation for instance. Even if not immediately currency crises overtake us, as some fear, the growth of national deficits is still a problem. Because they have to be financed. Covid-19 has considerable economic and financial consequences.
And if you believe Pierre Lassonde, a well-known man in the mining sector, the price of gold will reach $15,000 to $20,000 an ounce in the next few years. Provided the gold price catches up with the Dow. Falling energy prices and the rising price of gold will result in enormously positive margins, which have never been better, for gold companies.
So gold belongs in the depot. Just as important are raw materials that are necessary for the advancing electromobility and the increasingly widespread use of technology. Nickel, for example, is not only used to produce steel, but also for the batteries of electric vehicles. Cobalt is also an important battery metal. It serves as a positive terminal in lithium-ion batteries.
Companies that own battery raw materials in addition to gold include Karora Resources and Mawson Gold.
Mawson Gold holds both gold and cobalt at its Rompas Rajapalot project in Finland: https://www.commodity-tv.com/play/mawson-gold-nine-drill-rigs-turning-4-global-projects-in-the-next-months/. Very nice drill results are already available and inferred resources for gold and cobalt have doubled. Mawson Gold also has exploration properties in Australia.
Karora Resources is a gold producer: https://www.commodity-tv.com/play/mining-newsflash-with-copper-mountain-mining-karora-resources-and-canada-nickel/. The Hunt and Higginsville gold mines are located in Western Australia. Beta Hunt used to be a pure nickel mine, but then gold was discovered.
Latest company information and press releases from Mawson Gold (https://www.resource-capital.ch/en/companies/mawson-gold-ltd/) and Karora Resources (https://www.resource-capital.ch/en/companies/karora-resources-inc/).
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