Gold is always in demand
Actually, it is not the value of the precious metal that is rising, but currencies are devaluing against gold. This, for example, through the increase in the money supply that accompanies us. The rise in the price of gold in the first half of the year was remarkable and outperformed all other asset classes. The World Gold Council assumes that the Corona Pandemic will have a lasting effect. Gold will continue to benefit from the need for investors to reduce risk.
Especially the jewellery and technology sectors will demand gold, in addition to investors who want to minimize risks. The World Gold Council also predicts that low interest rates and high financial burdens will strengthen the gold price. From a historical perspective, the price of the precious metal rose by an average of 15 percent in years when inflation was above three percent. Even in periods of deflation, the price of gold should perform well.
Rising debt and quantitative easing are in themselves inflationary. Others see deflation coming first. This is the case in Japan, for example. However, gold should always come first in an investment, as should the values of well-positioned gold companies such as Revival Gold or Condor Gold.
Condor Gold is focused on the La India gold property in Nicaragua. Environmental permits have been obtained and the mine is initially expected to produce an estimated 100,000 ounces of gold per year. Condor owns approximately 98 percent of the historic La India Gold Mining District with its twelve contiguous concessions.
Revival Gold also operates on historic ground. The Beartrack and adjacent Arnett Gold Projects, located in Idaho, have produced before and were the largest producing mine in Idaho at the time. The preliminary economic evaluation is expected to be completed by the end of 2020.
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