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Everything is getting more expensive - the value of gold is stable

Commodity prices have gone up and the end of the line has not yet been reached.

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Everything is getting more expensive - the value of gold is stable

 

 

Commodity prices have gone up and the end of the line has not yet been reached.

 

 

Fears of even greater price increases are spreading. The price of natural gas continues to rise, and with it the price of electricity. Even the price of construction timber, which caused a stir, is rising again. This is not good news for the intended decarbonization. Lithium for lithium-ion batteries, which is necessary for CO2 reduction, is also recording price highs. In addition to the cost of energy, fertilizer prices are also rising, which in turn makes food more expensive. Just under a third of fertilizer is produced in China and Russia, and now these two countries have decided to halt exports so as not to jeopardize supplies to their own markets. The consequences are clear, food prices will continue to go up.

 

 

And China probably also wants to control the precious metals, especially gold. For example, the Shanghai exchange shipped almost 160 tons of gold in November, up 16 percent from October. Overall, gold shipments could reach a record high this year. If China continues to tighten its control over commodities and gold, it does not bode well. For those invested in gold, it should mean staying invested in gold and taking advantage of low-price phases to get in. Even if everything becomes more expensive and inflation eats up savings, gold will retain its value as in the past and serve as a hedge. This also applies to gold shares, even if they are more risky, but on the other hand they can generate greater profits when gold prices rise.

 

 

Among the gold companies, CanaGold and Condor Gold appeal.

 

CanaGold owns the New Polaris gold mine in British Columbia as well as options for gold projects in Nevada, USA and British Columbia.

Condor Gold is active in Nicaragua, particularly at the La India gold project. Production there is expected to average 157,000 ounces of gold annually in the first two years.

 

 

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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/

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