Gold attracts new buyers
Although he has accumulated billions in wealth over many years, gold has never been one of his investment ideas. He cites the weakening supply of gold as the reason for his purchases and sees this as the opportunity for price increases, which must now be exploited. "Gold is a good hedge," says Sam Zell. And at its highest price, gold is still missing about a third. This, the declining production figures and the weakening investments in new mines let the billionaire bet on gold.
Instead of developing new gold mines, large companies buy up other companies. Just think of the purchase of Randgold Resources by Barrick Gold a few months ago. Now comes the next Megadeal, Newmont Mining wants to buy up Goldcorp. This will create the world's largest gold group and displace Barrick Gold from number one gold producer. In that respect, the billionaire is right.
And his attitude deserves approval in other respects, too. The price of gold is just climbing to old heights. For quite some time, namely since June 2018, it has been able to clear the important 1,300 US dollar hurdle again. Calculated in euros, the price of gold has even risen to its highest level since mid-2017.
Now it's time to do the same as a billionaire and put your money on the tried and tested value preservative gold. Especially an investment in promising gold companies should become lucrative investments with a rising gold price. Here Aurania Resources or US Gold are the best choice.
Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298827, a young company, focuses on precious metals and copper. The main project is the Lost Cities project in the Andes in southeastern Ecuador. The metal contents found so far in drillings are extremely promising.
With its focus on the USA, US Gold - https://www.commodity-tv.net/c/search_adv/?v=298829 - is dedicated to various exploration and development projects. The Company's Keystone project is part of the Cortez Gold Trend in Nevada, an excellent gold prospecting country that has produced many millions of ounces of gold.
Latest corporate information and press releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp.html) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd.html).
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