Black Friday and the Gold
On the one hand it concerns purchase-joyful citizens, in addition, on the other hand also the collapse of the gold market on 24.09.1869
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On Friday, September 24, 1869, two speculators bought up a lot of gold, the price went up as desired, then the gold was sold again at a high price. And the two, Jim Fisk and Jay Gould, made big profits. The price of the coveted precious metal fell within three minutes from a good 160 to 133 US dollars.
A huge crash followed, the US Treasury sold gold and the financial markets collapsed. Today, many people understand Black Friday to be only the beginning of the Christmas shopping season. But the time around Black Friday is also a sign of how the retail trade is progressing. Online trading is likely to do particularly good business this year.
Getting involved in the gold sector should not be a bad idea at the moment either. So, there are investment legends, as for instance Jim Rogers, joint founder of the George Soros Quantum Fund, which sees a disaster approaching. This is due to the flood of money from central banks and the knowledge that heavily indebted countries have not had a good future in history. Commodities, Rogers said, are a historical bargain in terms of stock valuations.
Earlier this year, Rogers pointed out that precious metals such as gold and silver serve as crash precautions when currency systems go down the drain. Everyone should therefore own gold as a kind of insurance.
Gold shares of well-positioned companies should not be ignored either.
The medium-sized company OceanaGold - https://www.youtube.com/watch?v=pFJ3OgGjwJ0&t=4s - would come into consideration. The gold projects are located in the Philippines and the United States and are expected to produce an estimated consolidated 345,000 ounces of gold this year.
Fury Gold Mines - https://www.youtube.com/watch?v=he-HXzHsavE&t=65s - is also involved in exploration and development projects in productive mining areas, namely in Canada. The Eau Claire project in Quebec is currently undergoing a 50,000-metre drill program to target further potential.
Recent corporate news and press releases from OceanaGold ((
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