Gold and its development in recent history
The well-known so-called gold standard ended on 15 August 1971, initiated by President Nixon. So they say. Actually, Nixon wanted to create a temporary situation, a kind of "time-out" for redemptions. Then a new international monetary conference was to be held. Finally, a return to the gold standard with new exchange rates.
But things turned out differently. The US dollar was devalued twice, also against the main currencies of Germany, Japan, France, Italy and Great Britain. There was no return to a genuine gold standard. In 1974, the International Monetary Fund declared that gold was not a monetary asset. Gold was basically just a commodity - and the possession of gold became illegal for American citizens. Later, gold was allowed to be traded freely again. A kind of "private gold standard" emerged. Since 1971, the price of gold has risen by about 5,000 percent, despite various setbacks.
There were two big bull markets1971-1980 and 1999-2011 It was high time to think about gold in physical form, but above all in the form of gold shares. For example, the shares of Ximen Mining or Maple Gold Mines.
Ximen Mining has precious metals projects in British Columbia, Amelia, Kenville and Brett (gold) and Treasure Montain (silver): https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-mawson-resources-ximen-mining/. Amelia has a long mining history with an average gold grade of nearly 25 grams of gold per tonne of rock.
Maple Gold Mines has a large gold resource at its Douay gold property in Quebec: https://www.commodity-tv.com/play/maple-gold-mines-extended-drill-program-to-increase-existing-resource-at-the-douay-gold-project/. Located in the Abitibi greenstone belt, the exploration potential is large and well advanced.
Recent company information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/).
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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