Gold investments can calm nerves
The gold price in Euros has just been able to climb briefly to a four-month high. In US dollars up to 1,240 was seen as the price per troy ounce. The prices of the other precious metals were also raised at the same time. Trade disputes between China and the USA are creating a bad mood. And in Euroland, Italy's financial situation is worrying.
Which, by the way, leads to the fact that large sales of precious metal traders in particular come from Italy, which cause a sensation. As Zhenwei Wang of the precious metal trader Auvesta assured, this is really striking and probably only due to the current financial turmoil in Bella Italia. In times of uncertainty and debt crises, citizens like to rely on the yellow precious metal.
In addition, there are the tough Brexit negotiations and weaker economic data from China, which also do not cause euphoria. While the price of gold from spring to summer was not a reason for great joy, it is now bottoming out. The sideways phase has left the gold price and it has broken upwards.
Investors who are blessed with strong nerves and like to leverage the price of gold should therefore take a look at gold companies such as GoldMining or Caledonia Mining.
In addition to various gold and copper projects in Canada, Peru, Brazil and Colombia, GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298220 - also owns 75 percent of a uranium project in Canada in the famous Athabasca Basin. GoldMining has just switched to the TSX, one of the most important exchanges for commodity companies. Company boss Amir Adnani is pleased about the resulting increase in GoldMining's presence.
Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=298604, which has a 49 percent stake (perhaps soon 64 percent) in the Blanket gold mine in Zimbabwe, is one of the most successful and dividend paying companies in the gold industry. In the third quarter of 2018, nearly 14,000 ounces of gold were mined, ten percent more than in the second quarter of 2018. For the full year 2018, Caledonia Mining anticipates 54,000 to 56,000 ounces of gold production. By 2021 this is to be increased to 80,000 ounces per year.
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp.html).
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