Gold could rise faster than expected
The last "metal rat" was in 1960 and the symbol stands for money blessings and financial opportunities, for example in investments. Because rats have excellent intuition and are smart. Especially the "metal rat", which only occurs every 60 years, stands for a successful and strong year. Many Chinese, especially the growing middle class, are now buying gold.
Betting on gold and gold stocks should be a good idea at the moment, also independent of the Chinese horoscope. Because the price could continue to rise. This is not only because we live in a debt-based currency system. As a result, the global economy is facing new challenges, but also new possibilities and opportunities.
Global debt is enormous and central banks are printing money. By devaluing the currency, these banks are seeking to reduce the debt burden. Added to this are the low real interest rates. All this is positive for the gold price. China has also recognized this, and it stimulates gold ownership. Gold has a stable intrinsic value and represents a strategic reserve for a country. This also applies to the individual investor. Should real interest rates fall further, the price of the precious metal could rise sharply.
Gold is an effective supplement in the investment sector for the citizen. Joint stock companies that hold gold in the ground should therefore not be disregarded. These include RNC Minerals and White Gold.
RNC Minerals owns two producing gold properties in Western Australia, Beta Hunt and Higginsville Gold Operations: https://www.commodity-tv.com/play/rnc-minerals-increasing-gold-production-up-to-110k000-oz-in-2020/. The objectives of the company are firstly to increase gold production and secondly to reduce costs. Higginsville is home to the low-cost processing plant and RNC Minerals is also involved in a nickel-cobalt project in Quebec.
White Gold is located in the Yukon on nearly 423,000 hectares of prime gold country: https://www.commodity-tv.com/play/white-gold-prospect-generator-with-multiple-discoveries-in-the-white-gold-district/. The 2019 drill program has already produced encouraging results. The company is supported by its partners Kinross Gold and Agnico Eagle Mines, which already indicates the high quality of the project.
Recent corporate news and press releases from RNC Minerals (https://www.resource-capital.ch/en/companies/rnc-minerals-corp/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/).
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