Central banks are responsible for their own demise
The problem is the threat of currency destruction. Because random market reactions are replaced by targeted actions. Production and consumption of goods is stimulated. The market cannot develop independently. The central banks are expanding the money supply and loans, thus ensuring that the crisis is exacerbated. Whether this will destroy currencies is still uncertain.
But purchasing power is already being undermined and a recession seems to be developing. The largest targeted monetary expansion that has been set in motion is taking place in China, by the way. It is even more subdued in the euro zone. Looking at government debt, the next credit crisis is likely to be more severe than in 2008, as money printing could take on greater proportions.
The public seems to be very slow to recognise the dilemma of currency devaluation, although it is obvious what happens to money and savings. Worldwide there seems to be a trend towards diversification. In addition to the classic reserve currencies of the dollar, euro and yen, Canadian and Australian dollars and renminbi are also used.
In order to preserve the assets, the ordinary citizen should also focus on diversification and invest part of his savings in shares. Not only precious metals offer potential, but also industrial metals and the companies that own them, such as Auryn Resources or Discovery Metals.
Auryn Resources - https://www.commodity-tv.com/play/auryn-resources-drills-hypothermal-system-at-committee-bay-receives-rock-samples-from-peru/ - is pursuing seven precious and base metal projects. These include the Curibaya project in southern Peru. Recent samples have returned up to 1,500 grams of silver and up to 7.67 grams of gold per ton of rock plus copper.
Discovery Metals - https://www.commodity-tv.com/play/discovery-metals-exploring-developing-cordero-a-world-class-silver-project-in-mexico/ - is focused on high value projects (silver, zinc, lead) in Mexico. The main project is the 100 percent owned Cordero Silver Project in the state of Chihuahua (37,000 hectares of land). The company is well financed and is committed to growth.
Current corporate information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/) and Discovery Metals (https://www.resource-capital.ch/en/companies/discovery-metals-corp/).
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/