Gold price from the perspective of experts
The Bank of America recently made a name for itself, which sees the gold price rise to USD 3,000 an ounce in the next year and a half.
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Other analysts and experts also see excellent prospects for the price of the precious metal, even if they do not go quite as high. RBC Capital Markets, for example, has raised its forecasts and sees the fourth quarter of 2020 as the strongest.
Medium to long-term oriented investors are currently driving the gold price. ETF and ETC holdings have been rising for months. So, it is not so important that the central banks are holding back a little. According to the World Gold Council, they bought 145 tonnes of gold in the first three months of 2020.
The private bank Merck Finck has a similarly high profile as Bank of America. It sees a doubling of the current gold price coming towards investors in the next five to ten years.
For the end of the year, Commerzbank is forecasting a gold price of USD 1,800 per troy ounce. Saxo Bank expects the all-time high of around USD 1,900 to be exceeded in 2021, and however it happens, the central banks' loose monetary policy, which is likely to remain in place for years to come, will continue to make gold extremely attractive.
In order to have additional leverage on the gold price, one could think of an investment in gold companies such as Bluestone Resources or Ximen Mining.
Bluestone Resources owns 100 percent of the Mita geothermal project and the Cerro Blanco gold project in Guatemala: https://www.commodity-tv.com/play/bluestone-resources-advancing-cerro-blanco-gold-project-towards-production/. At a low total cost of $579 per ounce of gold, annual gold production is expected to reach 146,000 ounces for the first three years.
Ximen Mining is active in various gold camps in southern British Columbia: https://www.commodity-tv.com/play/ximen-mining-waiting-for-permit-to-start-gold-production-at-the-newly-acquired-kenville-mine/. The Gold Drop and Brett gold projects include the Treasure Mountain Silver Project, as well as the option on the Kenville Gold Mine and the Amelia Gold Project. Exploration work is currently being prepared.
The latest corporate information and press releases from Bluestone Resources ( https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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