Gold - an April as never before
Blame the invisible enemy, Covid-19, seasonal effects on the gold price should now be negligible in view of the corona crisis. Looking at the price of gold, it has risen by around 25 percent in the last twelve months. The price fluctuations in March were large, but overall, not much happened.
The development of the gold price in April, viewed since 1970, led to about as many losses as gains. Currently, rising inflation and the increase in government debt should drive the price of gold further upwards. This is because these are typical factors that have a price-increasing effect on the precious metal. If the money supply grows, as it is now, and the economy is simultaneously in a kind of deep sleep, inflationary tendencies are very likely.
A wide range of financial resources are being mobilised to alleviate emergencies caused by the pandemic. It is difficult to predict what will happen to the global economy when this period of stagnation is over. Some believe that a financial crisis will follow. Even if it does not, the US dollar and the Euro are likely to depreciate against gold.
With a little courage, profits can be made from the crisis, namely with gold stocks, which have a strong basis but are currently cheap. For example, GoldMining or Treasury Metals.
GoldMining, under the leadership of the highly experienced Amir Adnani and debt-free, owns a number of projects: https://www.commodity-tv.com/play/goldmining-acquisition-of-almaden-gold-stocks-still-undervalued/. Gold resources of at least 10.5 million ounces of gold (measured and indicated) are located in the projects in Canada, Brazil, Peru, Colombia and the USA.
Treasury Metals will begin gold production at its Goliath gold property in Ontario in the near future: https://www.commodity-tv.com/play/treasury-metals-new-c-zone-will-increase-production-and-resource-profile/. Up to a good 10 grams of gold per tonne of rock have been identified.
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-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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