Gold and silver will continue to please investors
As widely predicted, the Fed left interest rates at their current level at the December 16 meeting. The purchase of further debt securities was also no surprise. So, the future is clear, the expansionary monetary policy will continue. And the Fed does not estimate inflation to be around two percent until 2023.
The extension of liquidity swap agreements announced by the Fed until September 2021 will strengthen U.S. dollar liquidity. Thus, unlimited dollar loans are possible for certain central banks. Summa Summarum, the devaluation of the purchasing power of money continues. Government debt continues to rise. This development is positive for gold and also silver. There is hardly an analyst who does not expect rising prices for the precious metals.
Fluctuations in price are of course always possible, but the trend is clearly upwards after the probably completed correction of the summer months. When the gold price briefly fell below the mark of 1,800 U.S. dollars per ounce, many investors had probably used this and seized. Price setbacks are now times buying moments. And those who invest in gold and silver should do so for the longer term and can then also ride out moments of weakness.
Investors who want to preserve or increase their wealth should look for gold and gold companies. For example, Filo Mining or Fury Gold Mines.
Filo Mining - https://www.youtube.com/watch?v=qwBCH2_HRv0 - owns a gold-silver-copper deposit, Filo des Sol, in Chile's Region III and Argentina.
Fury Gold Mines - https://www.youtube.com/watch?v=BpqNSiJNy0E - is on the move in terms of gold projects in Canada. Several million ounces in projects are being developed and advanced.
Latest corporate information and press releases from Filo Mining (www.resource-capital.ch/en/companies/filo-mining-corp/) and Fury Gold Mines (www.resource-capital.ch/en/companies/fury-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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