Gold piles up in deposits
At the end of January, there were 9,602 tons or 308,709,000 ounces of gold in the vaults, a value of approximately $575.4 billion. In addition, there are stocks of 1.1 billion ounces of silver. The figures of the Bank of England are not yet included here, this would be about 5,667 tons of gold as of the end of January. Gold has therefore lost none of its appeal.
The precious metals sector has performed extremely well over the past twelve months. The pressure that is currently driving the gold price down comes from a rise in U.S. bond yields and a slightly higher U.S. dollar. Even though the price of gold is in a tough spot right now, the big picture should remain unchanged in favor of a strong price for the precious metal. In order to maintain prosperity, gold and silver will remain the best tools of choice.
The only thing left to do is to point out the entry opportunities that are now available. Low prices are now the chance to enter cheaply. Patience and a longer-term horizon are necessary for investing in gold shares in order to make profits. For this you are rewarded with a leverage on the gold price. Among the successful gold companies are probably Fury Gold Mines and Maple Gold Mines.
Maple Gold Mines - https://www.youtube.com/watch?v=Wo4dVLq4b10 - is working with Agnico Eagle Mines on the Douay and Joutel gold projects in the Abitibi greenstone belt in Quebec, thus in an excellent gold district.
Fury Gold Mines - https://www.youtube.com/watch?v=5IP5YdWtUgQ - is also focused on three high-grade regions in Quebec, British Columbia and Nunavut. Drilling at the Eau Claire property recently returned up to nearly twelve grams of gold per tonne of rock.
Current corporate information and press releases from Fury Gold Mines (https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/) and Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also