Gold cheaper than it has been for many months
Gold is cheaper than it has been since last September, although there is much to be said for higher prices.
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Interest rate hikes by central banks usually lead to a period of weakness in the economy. If you look at previous interest rate hike cycles, 17 out of 20 ended with a recession. Times are anything but easy, given the well-known geopolitical crises and uncertainties. Still, the price of the precious metal is going down. Some people are certainly asking themselves, where is the function of gold as a safe haven. On the other hand, this is just not the first crisis situation where gold falls in price. Nevertheless, inflation should give a boost to the gold price. But there were also times a few decades ago in the US. Inflation was so high that the prime rate was raised to 20 percent. A recession followed, but inflation was over. And the price of gold rose enormously.
The hour of gold must come, until then investors should take advantage of favorable prices to enter. Every period with crises and imponderables is different, the circumstances are different. Gold, which stands for value preservation, should not be turned away at the moment. On the contrary, those who enter at favorable prices will be able to enjoy lucrative profits later on. One of the stock market sayings of André Kostolany fits in with this: "If you don't have the shares when they fall, you won't have them when they rise". Gold mining stocks score with strong leverage, and their prices have usually outperformed gold itself by a wide margin in the past. In gold, stocks of interest include Vizsla Silver or Trillium Gold Mines.
Trillium Gold Mines - https://www.youtube.com/watch?v=aUo0WFfO9vU - is engaged in exploration and development activities in the Red Lake Mining District in Ontario. It also has interests in properties in Larder Lake, Ontario.
Vizsla Silver - https://www.youtube.com/watch?v=aUo0WFfO9vU - owns the high-grade Panuco silver-gold project in Mexico. Drilling results are consistently promising.
Current corporate information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/) and Vizsla Silver (https://www.resource-capital.ch/en/companies/vizsla-silver-corp/).
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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