Debts, debts, debts
African countries and Lebanon are also among the ten most indebted countries. And what does the largest economic power in the world do, what do the USA do? With the so-called "debt ceiling", the USA suggested that deficit spending would be limited. Because the total debt should be curbed. But then came the financial crisis and America's debt rose sharply.
Approximately every six months the debt ceiling was shifted upwards - by half a billion US dollars each. Today, American politicians understand the debt ceiling only as a date from which no more money can be borrowed from the Ministry of Finance. But this is only true in theory, because special emergency powers also allow the finance minister to avoid payment defaults.
So the indebtedness continues to rise and if you take a look at history, all uncovered paper currencies have become worthless at some point. Not only in the USA, but worldwide, debt continues to rise. So the future of the current currency structures is not in good shape.
To avoid the dilemma, it makes sense to invest in precious metals. In order to benefit more from a rising gold price, it is advisable to invest part of the portfolio in gold companies. Well positioned companies include Ximen Mining and Revival Gold.
Ximen Mining - http://www.commodity-tv.net/c/search_adv/?v=299166, a major landowner in the Greenwod Mining District of British Columbia, has outsourced several projects to partners (Gold Drop Project, Brett Gold Project, Treasure Mountain Silver Project) who will then develop these projects. The Gold Drop project caused a sensation with the seventh best drill result in 2019. 129 grams of gold and 1,154 grams of silver per ton of rock were found at a depth of only 20 metres. And at the Kenville gold mine, the first Doré bars are to be cast at the end of the year.
In Idaho, Revival Gold is focused on the Beartrack and Arnett gold projects. Beartrack has already produced earlier and produced 600,000 ounces of gold. Initial drill results returned up to five grams of gold per ton of rock. Revival Gold - http://www.commodity-tv.net/c/search_adv/?v=298883 - also owns 51 percent of the Diamond Mountain phosphate project in Utah.
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.
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