Gold is the best inflation protection
In May alone, prices for energy rose by ten percent compared with April. Overall, inflation reached 2.5 percent in May. In April, the inflation rate was still at 2.0 percent. In view of the negative real interest rates, savings are at risk. Gold is particularly useful as a hedge against inflation. Gold has increased in value by a factor of about six over the past 20 years. By comparison, the U.S. dollar has only suffered massive losses in purchasing power.
Whereas the gold price had broken above the 1,800 mark in mid-May, the focus is now on the 1,900 U.S. dollar mark. According to chart technicians, gold would have to break out above 1,890 U.S. dollars in order to be back in the uptrend. The gold rally of recent years could continue. In any case, the market observers at HSBC are positive. According to their analysis, a price of 2,295 U.S. dollars per troy ounce is also possible, especially if the gold price rises above the old record price of 1,920 U.S. dollars (September 2011).
So, if the gold price moves up, this should also attract more investors. And if more is invested in gold, the price and also the share prices of the gold companies should rise. Perhaps it is now just time to think about investments and to put values of gold companies in the depot.
For example, Victoria Gold - https://www.youtube.com/watch?v=PO0qa_43Fe0. Its Dublin Gulch gold property is located in the Yukon Territory in Canada and covers 555 square kilometers. It contains the Eagle deposit, which is already producing, and the Olive deposit.
Revival Gold - https://www.youtube.com/watch?v=eFWMIaf1BsM - owns the formerly producing Beartrack-Arnett gold project in Idaho. This was once the largest producing gold mine in Idaho.
Latest corporate information and press releases from Victoria Gold ( https://www.resource-capital.ch/en/companies/victoria-gold-corp/).
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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