Gold offers many advantages
Gold is not issued by a central authority, and it cannot be created out of thin air.
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So far, it's been a fantastic year for gold coin sales. According to the World Gold Council, from January through September 2022, U.S. Mint American Eagle and American Buffalo sales were up seven percent over the same period last year. With the purchase of gold coins, the safe haven is at hand and perhaps why it is so popular. Tangible assets are trusted by investors. The money printing of the past two to three years caused confidence in paper currencies to decline. In addition to physical gold, high-quality gold mining stocks are also an option for investors. Well-positioned candidates include Fury Gold Mines or Gold Terra Resource.
In Quebec and Nunavut, Fury Gold Mines - https://www.youtube.com/watch?v=Dn_KRPL6GDM - has promising gold projects and is well financed.
Gold Terra Resource - https://www.youtube.com/watch?v=Dn_KRPL6GDM - has a high grade approximately 800 square kilometer land package with the Yellowknife City Gold Project in the Northwest Territories.
Currently, the gold price is suffering due to expectations of further strong interest rate hikes by the Fed. Because this ensures a strong U.S. dollar and higher bond yields. And the U.S. real interest rate is now at 1.7 percent, the highest since 2009. This is reducing the attractiveness of gold in particular. Experts expect the German economy to return to normal by 2024 at the latest. The inflation rate should then be an estimated 2.4 percent. The first quarter of 2023 will probably bring the highest inflation rate in this country at eleven percent. This will result in a further noticeable drop in purchasing power. The purchasing power of gold, on the other hand, has remained at roughly the same level for centuries. If the price of gold tends upward again, then the gold mining companies will benefit with leverage.
Current corporate information and press releases from Fury Gold Mines (https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ ) and Gold Terra Resource (https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ ).
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