Gold - a luxury good and an investment
The reason for the rising demand for gold is on the one hand the possibility of acquiring gold funds, on the other hand the middle class is growing, especially in Asia. And the financial crisis of 2009 is also likely to have shaken investors awake. Gold in physical form and shares of successful gold companies belong in every diversified portfolio today. Gold is an inflation and currency hedging vehicle.
It also hedges against misguided monetary policy and exchange rate fluctuations. The political situation is uncertain not least because of the Brexit debacle. And not only in England, but all over Europe. In the USA, no further interest rate hikes by the FED are expected, which will lead to a weaker US dollar. Consequently, the prospects for a rising gold price are good, according to the majority of gold connoisseurs. Price setbacks should always be seen as good buying opportunities.
The rising prosperity of the middle classes in China and India, the great interest of the central banks in gold, increasing market uncertainty and declining mine production should further advance the price of gold. Thus also gold companies such as Bluestone Resources or Revival Gold.
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298852 - is pleased with the results of the Feasibility Study, which demonstrates excellent economics with modest investment for the Cerro Blanco gold project in Guatemala (up to 260 grams gold per tonne of rock from recent drilling). The mine is expected to last over eight years with a mine production of approximately 902,000 ounces.
Revival Gold - https://www.commodity-tv.net/c/search_adv/?v=298824 - is dedicated to the Beartrack gold project, a former producing mine, and the nearby Arnett gold project in Idaho. The latter covers 2,377 hectares and is an advanced exploration project in a historic mining district.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html).
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 English version of these messages applies.
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