Covid-19 eruption as a snowflake that triggered an avalanche
"We are still in the early stages of this next bull market, which will probably be the most violent and, in percentage terms, the largest bull market since it began in 1999-2000," says analyst and gold expert Thomas Puppendahl. For the next three years, he forecasts a gold price of $5,000 per ounce and a silver price of $50.
Silver would even perform better than gold. Because in a bull market the silver price moves more strongly. This could already be seen in 2010, when silver rose from 17 to 50 US dollars in nine months. By the way, Puppendahl sees the final price peak for gold around 2025.
That the third bull market in gold has started seems certain. How high the price goes, we will see, at any rate, lucrative opportunities can always be exploited in gold. Investors should not only look at the price of gold in US dollars, but also be aware that gold has already reached highs in all other currencies.
Instead of investing in physical gold, opportunities should also be taken when investing in gold companies such as Aurania or Auryn Resources.
Aurania is active in South America in precious metals and copper. Among the mineral properties that Aurania is advancing, the Lost Cities Cutucu project in the Andes in Ecuador is the main project.
Auryn Resources is also a young exploration company focused on precious and base metals. Six projects belong to the portfolio. The high-grade Committee Bay Project in Nunavut and the Sombrero copper-gold project in Peru are particularly significant.
Current company information and press releases from Aurania (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-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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