Bankers and politicians act - Gold in the sights of investors
The US Federal Reserve does everything it can to counteract a recession, for example by facilitating financing and buying bonds. The FED's efforts are now even more massive than during the financial crisis of 2008 and 2009, with rescue packages being put together in this country and in the USA. For the situation is serious, but at least for gold anything but hopeless.
Central banks are struggling with dwindling confidence and global markets are suffering. If the corona virus is soon brought under control, things could look different again. Although the share values of gold companies have plummeted in recent weeks, in some cases enormously, the financial crisis was similar. What happened afterwards? The gold price went up dramatically. Even now it is clear that online gold coins and bars are in great demand.
Now gold and gold companies should be strongly on the radar of the investment community. After all, mining companies are currently cheap and may be the industry that can deliver the best returns in the near future. This is how the experts at Sprott Asset Management see it. Of course it is not easy to find the best moment to enter the market, but at the moment you should actually be close.
Gold companies that deserve attention include Bluestone Resources and GoldMining. Bluestone Resources is developing its world-class Cerro Blanco project in southeastern Guatemala: https://www.commodity-tv.com/play/bluestone-resources-targeting-a-project-financing-package-in-q2-2020-for-cerro-blanco/. The company also owns the Mita Geothermal Project, which is licensed to generate electricity.
Debt-free and well equipped with cash, GoldMining has a large portfolio of gold projects (Canada, Brazil, Peru, Colombia, USA): https://www.commodity-tv.com/play/goldmining-acquisition-of-almaden-gold-stocks-still-undervalued/. A uranium project in the Athabasca Basin is also part of this portfolio.
Recent corporate news and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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