Advising the IMF and World Bank
In Washington this week everything that has rank and name meets in the global financial world
The annual meeting of finance ministers and central bank governors from 189 member states will certainly be dominated by the following topics: trade conflicts, the weakening global economic performance and the debt problem. Groundbreaking decisions in Washington are not to be expected, as the new IMF director must first familiarise herself with the situation.
The new head of the IMF, Bulgarian Kristalina Georgieva, warned in advance of the negative effects of the trade disputes. These could push global economic output down by an estimated 0.8 percent in 2020. The Bundesbank has already made similar comments. In the event of a major economic downturn, corporate loans would be at considerable risk. According to Georgieva, the debt risk would then be higher than during the financial crisis in 2008.
And, according to the new IMF chief, the IMF will revise its economic forecast downwards. For the current year, slower growth is expected in almost 90 percent of the world. In the trade disputes, the USA and China seem to have moved closer together again, but a further flare-up of the conflicts would be nothing new.
As the situation develops, scepticism is appropriate and investors should position themselves in the best possible way. The safe haven of gold, which has been increasingly visited recently, should also make sense for some time to come. Just as the shares of gold companies belong to a portfolio based on different feet.
Soon Steppe Gold - https://www.youtube.com/watch?v=THDoNs4Drng - will belong to the ranks of gold producers. Its Tsaagan Ovoo gold project in Mongolia scores with low costs. An estimated 150,000 ounces of gold are expected to be dropped from the mine each year in the near future.
US Gold - https://www.youtube.com/watch?v=xpE2IohL3kE=1s - has promising exploration projects in Nevada. The Keystone Gold Project and a 70 percent interest in the Maggie Creek Project are in line with the Carlin trend in Nevada. And then there's the Copper King project in Wyoming.
Current company information and press releases from Steppe Gold (www.resource-capital.ch/de/unternehmen/steppe-gold-ltd/) and US Gold (www.resource-capital.ch/de/unternehmen/us-gold-corp/).
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