Arguments for gold investments
The exit of the Brexit is still open. Currently, the leaving date has been moved to 31 January. This is just one of the factors that affect the price of gold. There are still uncertainties from a trade policy perspective. As long as the trade conflict entails risks for the economy and the financial markets, the safe haven of gold will be increasingly headed for. Meanwhile, monetary easing is continuing.
A further risk for the markets is the enormous global debt. In the meantime, around 260 trillion US dollars have accumulated. Weak currencies threaten in the coming years and if currencies are weak, then gold is strong. According to the EU Commission's assessment, next year eight EU states will be threatening to violate the Euro Stability Pact.
The central banks' hunger for gold is also unbroken. At the end of the third quarter of 2019, gold purchases were already 18 percent above the level of the previous year. China, Turkey and Russia in particular are buying heavily. This is because both investors and central banks appreciate the value preservation and diversification function of the precious metal.
Investments in gold also include investments in gold companies with solid projects in favourable mining regions, good management and sufficient funds. For example, TerraX Minerals - https://www.commodity-tv.com/play/newsflash-96-with-auryn-resources-terrax-minerals-treasury-metals/ - with its Yellowknife City gold project in the Northwest Territories. The 100% owned mine has the best infrastructure and a mineral resource estimate of 735,000 ounces of gold in the inferred category.
Treasury Metals - https://www.commodity-tv.com/play/treasury-metals-environmental-permit-granted-next-step-pre-feasibility-study-project-financing/ - owns the promising Goliath Gold Project in Canada, Ontario. Every year about 88,000 to 100,000 ounces are to be extracted from the ground. Three further gold projects in Ontario and a polymetallic project in British Columbia round off Treasury Metals' portfolio.
Current corporate information and press releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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 German 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: https://www.resource-capital.ch/en/disclaimer/