Another good gold year
Better than all currencies and better than all asset classes - this is how one could summarize the performance of gold. If you compare gold with the U.S. dollar, for example, the latter has lost around 85 percent of its value since 2000. That only gold retains its value is therefore an old adage. From 1971 to today, gold has risen by about 5,300 percent. At that time, an ounce of fine gold cost around 35 U.S. dollars. More correctly, gold has retained its value, while paper currencies have declined in value.
The wealth of the rich is increasing. Tesla co-founder Elon Musk's wealth increased by around 140 billion US dollars from the beginning of 2020 to the end of 2020, as did Jeff Bezos, the richest man in the world. His Amazon shares gave him a plus of 75.4 billion US dollars last year. Due to the pandemic, we have all become Amazon customers or have purchased Amazon Prime or Kindle.
The Microsoft share and Facebook have also increased in value. Warren Buffett lost out last year, but it was "only" 2.3 billion US dollars.
Unfortunately, the gap between the poor, who are generally less invested in tangible assets such as shares and gold, and the rich is growing. There could be more protests in the future when the majority realizes that currencies have little value. This is because monetary stimulus will continue this year, bringing with it inflationary, i.e. money-devaluing, tendencies. It is therefore certainly not wrong to hedge with a few gold stocks.
Corvus Gold, for example, could be considered. The company is pursuing several gold and silver projects, with the North Bullfrog and Mother Lode projects in Nevada already showing promising drill results.
Bluestone Resources - https://www.youtube.com/watch?v=Pr19q_wdaCw - has also made notable high-grade gold discoveries at its Cerro Blanco gold project in Guatemala, known as bonanza grades.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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