In February, the price of gold had to make a good start. It lost more than six percent, which was the strongest monthly loss since the end of 2016. The situation was similar in January, so that two months in a row were not very pleasing. U.S. bond yields rose, and gold ETFs saw strong outflows as a result, which put the gold price under such pressure.
Looking at the past decades, the month of March saw an average decline of 0.62 percent. This was different in March 2004, when there was a sharp rise in the price of gold. After a bomb terrorist attack in Madrid and threats also against Germany, these uncertainties and threats caused a price increase of the precious metal.
But in our pandemic time, things could be different. Last year, according to the World Gold Council, gold outperformed most other assets in all currencies around the world. Where we currently stand in the pandemic is anyone's guess, incidences are rising, new mutations are appearing, and achieving the required herd immunity worldwide through vaccination will take a long time. So, we continue to live in uncertain times.
In order to equip oneself financially and not be left behind in terms of assets due to low interest rates and inflation, precious metal stocks should also be considered as an investment option, because gold is and remains the safe haven.
Karora Resources or Trillium Gold Mines would be worth a look.
Karora Resources - https://www.youtube.com/watch?v=wro6p-p0Jm0 - is already producing at its two gold properties in Western Australia. The focus is on increasing production and reducing costs.
Trillium Gold Mines is engaged in gold projects in Quebec and in Ontario in the Red Lake Mining District and is steadily expanding its portfolio.
Current corporate information and press releases from Karora Resources (https://www.resource-capital.ch/en/companies/karora-resources-inc/) and Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
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