Gold is a must
Even though the price of gold has recently fallen somewhat, it has recovered quickly. This was probably due to strong US labour market data, which was not expected. A rise in the US unemployment rate was predicted for May. On the contrary, 2.5 million new jobs were created. A good example of how quickly the economy could perhaps recover from the Corona crisis.
Investors would do well to take advantage of price setbacks and look around gold companies. After all, the price of the precious metal has already reached new all-time highs in various currencies this year. For example, this happened in Australia, Turkey, India and also China. And this despite the strength of the US dollar at the same time. The expansion of the money supply as well as various aid packages give gold as a safe haven a further boost.
Financially well-positioned gold companies with solid projects, if possible, still in mining-friendly regions, should be first choice. This includes Nevada, where Fiore Gold or Corvus Gold are represented.
Fiore Gold produces at the Pan Mine, which set a production record in the first three months of 2020. In addition, there is the nearby Gold Rock project and the Golden Eagle project in Washington (measured and indicated resources of two million ounces of gold).
Corvus Gold owns the Bullfrog and Mother Lode gold projects in Nevada. Owning valuable water rights and with high-profile neighbors such as Kinross and Coeur Mining, the prospects for success should be excellent. AngloGold Ashanti has a 19.9 percent interest in Corvus Gold.
The latest corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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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