Fear of the future and debt will drive the price of gold up
Currently, the gold price seems to have found a lower threshold of USD 1,800. In August, economic initiatives, currency devaluation and uncertainties surrounding the US election boosted gold prices. The safe haven was in demand. After the price crash, which did not last long, the troy ounce of gold now costs around USD 1,866.
Many voices are predicting higher gold prices, including Brian Leni of Junior Stock Review. And very many analysts believe that the environment for higher prices has been developing for several years. The pandemic has been a kind of trigger. Volatility creates the conditions for further growth in the price of gold. The major burdens that the pandemic brings with it can bring the price of gold into the range between USD 2,000 and USD 3,000, and some see higher prices coming.
The general conditions, the ultra-expansive monetary policy and the fiscal stimulus measures, will continue to have an effect on the gold price in the new year. Even if the corona crisis is gradually overcome in 2021, the immense mountains of debt that have been accumulated will remain, and these can certainly not be reduced for a long time.
An investment in gold companies, seen in the medium to long term, should not be a bad idea. An investment in Revival Gold or Corvus Gold would come into question.
Revival Gold - https://www.youtube.com/watch?v=CCP6YOVKuQo&t=3s - holds the right to acquire all of the shares in the Beartrack-Arnett Creek Gold Property in Idaho. This property used to be the largest gold production operation in Idaho.
Corvus Gold - https://www.youtube.com/watch?v=x-rGASHnr4k&t=18s - is focused on gold and silver deposits in North America, with particular emphasis on the North Bullfrog and Mother Lode projects in Nevada. In addition, Corvus Gold has royalty participations in other North American territories.
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