In gold, the signals are pointing to buy
Around 73 percent of the new gold added each year comes from mine production. The rest comes from recycling. The peak of gold mine production could already have been seen in 2018, at least that's how it looks. In 2020, some gold mines had to close, and production declined. Even if the production volume is increasing again in the current year, a falling production volume can still be assumed in the coming years.
This is because there are hardly any new large gold discoveries, exploration activity is rather low and gold grades in most mines are declining. So, the gold quantities are falling, while at the same time the money quantities are increasing due to the actions of the central banks. This means that money is losing value, while gold remains stable in value or becomes even more valuable. In addition, market experts expect demand for jewelry to pick up again in the current year and central banks to become more interested in buying gold again. There is a broad consensus that negative or low interest rates will remain for a long time. This should pave the way for a strong/rising gold price in the current year.
Investments in gold should therefore be an excellent idea this year, just as it was in 2020. The record year 2020 for the gold price could even be surpassed. Especially if ETF demand, which was tremendously strong in 2020, continues to show strength in 2021, which is likely given the enormous national debt. An investment in gold stocks such as Corvus Gold or Fiore Gold, both active in the gold country Nevada, is therefore more than worth considering.
Corvus Gold - https://www.youtube.com/watch?v=8ha6FHxZ4Qk - owns several silver and gold projects in North America, including the North Bullfrog and Mother Lode projects in Nevada, in addition to royalty interests. Three major gold producers are located in the neighborhood.
Fiore Gold's - https://www.youtube.com/watch?v=lcxM3ly04xE - Pan Mine in Nevada is already producing. Nearby is the Gold Rock project, which is considered to have positive economics in a pre-feasibility study.
Latest corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also