Gold defies all odds
The price of gold in US dollars is today about 20 per cent higher than a year ago. However, there is still room for improvement up to the peak in 2011, which was around $ 1,900 an ounce. The loose monetary policy of the major central banks prevents returns on savings. Gold therefore enjoys extreme popularity in the current circumstances. Just think of a possible corona pandemic and its economic impact (which can only be speculated about at the moment).
Gold coins, bars and gold jewellery are certainly a worthwhile investment. The price of gold jewellery follows the rising gold price with a certain delay. But these investments do not yield a return. Unlike shares of gold companies, because their profits rise with a higher gold price with a leverage. Equities are also easily tradable, inexpensive and can be easily integrated into a mixed portfolio.
Therefore, one should take a look at gold companies. Bluestone Resources, for example: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-mag-silver-skeena-resources/. Its Cerro Blanco gold project in Guatemala, which is currently under development, has produced up to 26.5 grams of gold and up to 122 grams of silver per tonne of rock in current drilling.
Treasury Metals, with its Goliath property in Ontario, has also been pleased with encouraging drill results: https://www.commodity-tv.com/play/treasury-metals-infill-and-expansion-drill-programm-for-pre-feasibility-study-which-is-coming-in-2020/. Up to 101 grams of gold per ton of rock have already been identified. The Treasury Metals portfolio also includes six other projects in the gold or copper sector.
Recent corporate news and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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