Gold - popular as never before
Those who bet on gold and gold stocks should be happy. Since the beginning of the year gold has already gained 27 percent in price
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If one looks even further into the past, the gains with the precious metal are even greater. Calculated over the last five years, it is a massive 52 percent. Many experts now expect further price increases. The inflows into gold ETFs, which have been continuing unabated for months, are also a clear sign.
Gold is and remains the crisis metal. The stability of the currencies is further deteriorated by the immense accumulation of debt mountains. The zero-interest rate policy also strengthens the gold price. This could be observed even before the outbreak of the Covid 19 crisis. Investors want to protect themselves against the devaluation of money and gold and also silver are in the forefront today. There is no threat of negative interest rates here. The house bank, once considered a safe store of value, seems to have had its day.
And for long-term oriented investors it is never too late to invest in gold. Also, from a seasonal point of view, the beginning of July would be a golden time. After all, from mid-July to mid-January, the price of gold rises. The jewellery trade for the Christmas business also plays a part in this.
When earnings and savings go up in smoke, crises accompany us, and Corona is probably not yet over - worldwide anyway - the gold price should still offer some chances. This is especially true for courageous investors who want to acquire strong gold stocks such as Treasury Metals or Skeena Resources.
Treasury Metals is working on various projects in Canada. The flagship project is the Goliath Gold Project in Ontario. The start of production is not far away, first as an open pit mine, later as an underground operation. The infrastructure is excellent.
Skeena Resources is responsible for the development of the Snip and Eskay Creek gold and silver mines in British Columbia. Both have a history of successful production. Skeena Resources is financially well positioned and has Barrick Gold as a shareholder.
Current corporate information and press releases from Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/) and Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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