Gold before big price jump
One of the biggest bull markets in the history of the gold price could be imminent
Receive up-to-date information about the company directly via push notification
In the 1970s and in 2011, gold experienced large price increases. Now, however, many analysts believe an unprecedented price rise could be ahead. This is because this time the position of the gold market occupies a special position, and the market conditions are quite different. The catalyst for the price of the precious metal is quantitative easing and large government debt.
As early as 2008, the Fed began creating new debt to deal with the housing crisis. New debt in the form of bonds was created and sold to the Fed with freshly created money. Gold rose to an all-time high. This time, in the wake of the Covid 19 pandemic, more than 25 percent of all U.S. dollars in circulation have been printed in the last twelve months. This influx of new cash is more massive than ever. Inflation rates are still relatively stable, but this could change quickly. Certain increases in inflation already exist, only they are still hidden because a lot of money was saved rather than spent during the pandemic period. In the U.S., for example, the savings rate rose to a record of more than 32 percent in April. A year earlier, the savings rate was 7.6 percent.
But times will change, people will spend more money again, including their savings. A significant rise in inflation is thus imminent. This means that a rise in the price of gold should only be a matter of time. Physical gold has only a limited upside potential, it is different with investments in gold companies, here a leverage on the gold price is added.
Notable gold companies include Fiore Gold and Fury Gold Mines.
Fiore Gold is one of the gold producers. Its Pan property is located in Nevada. Nearby is the second project, the Gold Rock project.
Fury Gold Mines' - https://www.youtube.com/watch?v=3qbOekOX9Ng - portfolio includes five high-grade projects in British Columbia, Quebec and Nunavut.
Current corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/) and Fury Gold Mines (https://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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/