Gold may rise to 10,000 US dollars
Many countries, such as China and also many Eastern European countries buy gold. Gold offers hedging at a time when monetary policy is intended to boost economic growth. Frank Holmes, for example, CEO of U.S. Global Investors, believes that the price of gold can rise to $10,000 per troy ounce. For the last time gold was seen in a cycle similar to the one seen today, the price of the precious metal rose from 275 to 700 US dollars. Then the price fell and then reached around 1,900 US dollars.
The supply of gold does not increase to the same extent as the supply of money. Gold as a real asset should therefore rise in price. Per capita GDP is also rising in China and India. That is together 40 percent of the world population and they are big gold fans. Gold has been the second-best performing asset class over the past 20 years (after real estate investment trusts).
The supply of gold is limited, there are no major discoveries, and gold contents are generally falling. Licensing companies occupy a special position among the gold companies. This also includes Osisko Gold Royalties. - https://www.youtube.com/watch?v=ywZiVHuy52s&t=6s - The diversification pleases, it minimizes nevertheless the risk. The research house Canaccord Genuity recommends buying the share. Especially following the recent deal to acquire Barkerville Gold, including the Cariboo Gold Project in British Columbia.
The gold companies also like Bluestone Resources. - https://www.youtube.com/watch?v=FjsHNthG_vs=5s - The Cerro Blanco gold project in Guatemala is convincing with very good drilling results (up to 28.6 grams of gold and up to 186 grams of silver per ton of rock) and the Mita geothermal project in Guatemala, which is also 100% owned by the company. This can supply the mine with electricity.
Aktuelle Unternehmensinformationen und Pressemeldungen von Osisko Gold Royalties (https://www.resource-capital.ch/de/unternehmen/osisko-gold-royalties-ltd/) und Bluestone Resources (https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/).
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