Demonetization in full swing
No, it doesn't have to be hyperinflation like in the Weimar Republic in the 1920s or like in Zimbabwe and Venezuela. Even a slight, gradual devaluation of money can tear holes in the purchasing power of savings. This is especially true in times like the present. This is because central banks avoid high interest rates. As a result, investors are also unable to offset the depreciation of money with interest income. The real interest rate, i.e., interest minus the inflation rate, is negative or at least very low, depending on the country.
Consumer prices, another term for the rate of inflation, currently rose by 4.2 percent in the USA in April compared with April of the previous year. This means that real inflation has reached almost three percent. Over several years, this will cut deep into savings. In Germany, even some central bankers are already expecting inflation rates of three percent, with negative yields on ten-year government bonds.
Historically, the remedy for inflationary tendencies was an investment in gold and silver. Gold has been used to preserve value for thousands of years. So, if you want to protect yourself, you go for the precious metal. And investors who are willing to take risks and want to gild their stock portfolio can add shares of companies with gold projects to their portfolio. Examples of this could be Bluestone Resources and Revival Gold.
Bluestone Resources‘ - https://www.youtube.com/watch?v=0zZlm22Dp6w - President and CEO is Jack Lundin, owns the advanced Cerro Blanco gold project in Guatemala. It should be possible to produce more than 300,000 ounces of gold annually at the plant, at low all-in sustaining costs, according to a pre-feasibility study.
Revival Gold - https://www.youtube.com/watch?v=CamOKeJ0zeA - wants to coax several million more ounces of gold from the previously producing Beartrack-Arnett property in Idaho, which was once the largest gold mine in Idaho.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-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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