Gold and the US election
The trade dispute with China and sometimes strange-looking handling of government business have made the safe haven of gold attractive. The big rise in the price of gold then happened with the Corona Pandemic.
The new or old president of the USA, the election is in November, will have to rebuild the economy and he will have to take care of the growing national debt. This is how Byron King of Agora Financial sees it. The economy in the USA has slowed down, the unemployment figures are rising, and inflation is devaluing the US dollar. Industry insider King believes that the gold price still has some potential, the only question is the speed at which gold prices will rise.
If you look at the mining permits during the Obama administration, to which Trump challenger Joe Biden also belongs, there were none for eight years. Under Donald Trump things looked different, permits were issued quickly. Therefore, some mining experts do not see good prospects for mining if Trump is voted out of office.
Over the last four years, Trump has been mainly committed to a weak U.S. dollar. This helps the gold price to rise. Whatever the outcome of the election, gold and gold stocks are always a good choice for investment, as the past has shown. Condor Gold or Mawson Gold, for example, come into question.
Condor Gold owns 100 percent of the flagship La India project in Nicaragua. The environmental permit has already been granted. Approximately 1.12 million ounces of gold open pit resources are expected.
Mawson Gold's projects are located in Finland (Rajapalot) and Australia (Sunday Creek). The Australian property covers nearly 20,000 hectares. Recent drill results have returned up to 17 grams of gold per tonne of rock.
Current company information and press releases from Mawson Gold (https://www.resource-capital.ch/en/companies/mawson-gold-ltd/).
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