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American debt mountain drives gold price up

The US budget is slipping more and more into deficit. This means that gold and silver are increasingly coming into the focus of investors

Thanks to US President Donald Trump, the debts of the USA continue to grow. Taxes are reduced and expenditures increased. If this continues, government debt will double by 2048, according to estimates. Today it already accounts for far more than 100 percent of the gross domestic product. And private citizens in the USA are also becoming more and more indebted.

An investment in precious metals, primarily gold, can help here. At some point this should also become clear to the Americans and drive the price of gold upwards. So it is not surprising that a US Congressman has now presented a bill to remove income tax on gold and silver (Tax Neutrality Act HR 1089).

Stefan Gleason, President of Money Metals Exchange, puts it in a nutshell: "It is unfair to levy a capital gains tax when citizens hold gold and silver to protect themselves from the monetary policy of the FED". Inflation, according to Gleason, is also a regressive tax that harms especially wage earners, savers and pensioners with fixed incomes.

In our country, the purchase of investment gold (coins, bars) is tax-free. If it is held for at least one year, the profit is not subject to any tax. But if you are a little more courageous and want higher profits, you can invest part of your portfolio in gold companies. GoldMining and US Gold, for example, are suitable here.

GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298668 - has assembled a significant number of gold and gold-copper projects, is debt-free and has cash in excess of $9 million. The projects are located in Brazil, in the Northwest Territories in Canada, Colombia and Peru. And in the Athabasca Basin in Saskatchewan, GoldMining has a 75 percent interest in a uranium project.

US Gold - https://www.commodity-tv.net/c/search_adv/?v=298829 - has various projects in the USA, with the Keystone project in the Cortez Gold trend in Nevada being particularly noteworthy. The Copper King project in Wyoming was also intended to ensure the company's success.

Current corporate information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html) and US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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