Gold price - perhaps doubled soon
In 2008, the price of gold reached a low of around USD 700 per troy ounce. In 2011, it then reached an all-time high of around USD 1,900 per troy ounce of gold. Should things now go similarly, a new all-time high would be the result. The fact that gold is increasingly attracting investor interest in these times cannot be overlooked.
For a long time, it was assumed that a portfolio should consist of 60 percent stocks and 40 percent bonds. Bonds were supposed to provide risk-mitigating diversification and regular income. Interest was the magic word. Today it is different. Gold could now claim for itself part of the place that bonds used to occupy. Because fixed interest is no longer worthwhile.
Currently several factors speak for a further rise in the price of gold. For one thing, the US dollar has lost confidence massively. This is because the investments being made by the USA to mitigate the consequences of the pandemic are at astronomical levels. On the other hand, we can simply assume that the bull market will continue. Based on the two previous bull markets, the price of gold still has plenty of room to rise.
Another point could be panic buying, for example if (hopefully not) a second corona wave would occur. Then there are also the elections in the USA. An election victory of Joe Biden, which the current president might not recognize, would cause upheavals.
In order to start the triumphal march together with the gold price, an investment in gold companies by means of shares is a good choice, e.g. the investment in Filo Mining or Vizsla Resources.
Filo Mining (part of the Lundin Group) has a 100% interest in the large Filo del Sol gold-silver-copper project in Chile. It is located between two productive gold belts in a mining region with a number of large mining operations. A pre-feasibility study has been successfully completed.
Vizsla Resources is exploring for gold and silver in Mexico. Especially the Panuco silver-gold project in a producing mining area could prove to be a lucrative project.
Current company information and press releases from Filo Mining (https://www.resource-capital.ch/en/companies/filo-mining-corp/) and Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/).
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.
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