Gold price puts investors to the test
After the recent collapse of the gold price by up to about 100 US dollars within two trading days, some investors may have had some concerns
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A so-called flash crash has hit the gold price. Currently, however, it has recovered, even from lows around 1675 U.S. dollars per ounce. The cause of the flash crash, according to official statements, was primarily strong U.S. labor market data and fears of tighter U.S. monetary policy. Inflation is at its highest level since 2008, and the price of gold has not yet reached the heights that many banks and industry experts predicted last year. As a reminder, in August 2020, an ounce of gold cost $2,069.
However, manipulation could also have been responsible for the flash crash. For on August 9, gold contracts with a nominal value of more than four billion U.S. dollars were sold on the futures exchanges, and the stock exchange in Japan had just had a holiday. Whether deliberate downside manipulation or U.S. policy, the gold price had suffered.
The price of many commodities, such as crude oil, has risen sharply in the meantime; in the case of gold, investors are currently still being kept on tenterhooks. But gold is a rather long-term investment, not a short-term investment. Some see low demand and strong supply as the cause. However, most agree that gold serves as a hedge against inflation and that the highs in gold prices will return. Even if this is not the case until next year - gold has definitely established itself as a store of value over the centuries and millennia - for investors who correctly view gold as a medium to long-term investment, things should certainly get better again. So now might just be the right time to invest in gold companies.
Victoria Gold - https://www.youtube.com/watch?v=j09-9g8GqVo produced more than 32,000 ounces of gold in the second quarter at its Dublin Gulch gold property (555 square kilometers) in the Yukon Territory, Canada. The second half of the year produced a total of nearly 59,000 ounces of gold. Maple Gold Mines - https://www.youtube.com/watch?v=x7UIH222ea0 advancing the Douay and Joutel gold projects in Quebec with its partner Agnico Eagle.
Current corporate information and press releases from Victoria Gold (https://www.resource-capital.ch/de/unternehmen/victoria-gold-corp/ ) and Maple Gold Mines (https://www.resource-capital.ch/de/unternehmen/maple-gold-mines-ltd/ ).
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