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Gold against currency weakness

Gold can look back on a very long success story in protecting against weakening currencies

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The US dollar is expected to weaken, according to US President Donald Trump, and governments and central banks are flooding the financial system with liquidity. The devaluation race of the leading world currencies is already underway. This is leading to a rising gold price, even if it may go downhill in the meantime. The President of the European Central Bank, Christine Lagarde, also advises European governments to continue to rely on high spending. In addition, there is the fear factor caused by the Corona pandemic.

Also, in the USA interest rates are kept down and money is printed. The debts of the USA are now an enormous 137 percent of the gross domestic product. The negative real interest rates will continue to accompany us for a long time to come. All this should give positive impulses to precious metals, especially gold.

How the elections in the USA will affect the gold price is also hotly debated. When the current president was elected four years ago, the price of gold went up by about USD 150. Should Joe Biden emerge as the winner of the election campaign, then, according to the investment bank Goldman Sachs, the US dollar will weaken. But no matter who wins, inflation and debt will continue to rise.

If the global economy continues to improve and the pandemic is under control, investor demand is expected to remain high. Thus, in the long term, the gold price knows only one way - upwards. So, let's take a quick look at solid gold companies like Trillium Gold Mines or Karora Resources.

In the Red Lake mining district, Trillium Gold Mines is developing gold properties. The portfolio includes a total of six projects in prime gold districts. 
Karora Resources produces gold at its two gold mines in Western Australia. Beta Hunt contains high grade gold and additional nickel.

Recent corporate news and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/) and Karora Resources ( https://www.resource-capital.ch/en/companies/karora-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.

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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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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