Gold rises - Mines follow
Many are expecting new highs in the price of gold. Because the global economy is still far from normal. Prices above 1,900 or even 2,000 US dollars could come. The tendency to loosen money and the increasing indebtedness are enormous. Gold ETFs, for example, reached a record high of 3,185 tonnes of gold at the end of March, no wonder. And another pandemic wave cannot be ruled out either.
The KFW-Bank is the largest national development bank. The liability for the loans now issued by the KFW-Bank is borne by the German government, thus the taxpayers. And the excessive granting of loans also benefits highly indebted companies. The amount of credit money is growing and with it the number of defaults. Corona-emergency aid, short-time work compensation, all this will lead to more debt and inflation.
The whole current situation is having an inflationary effect and thus driving up the price of gold. The USA is also expanding its money supply enormously. This should weaken the US dollar and drive up the price of gold. The only thing that can help is to flee from the euro and move towards gold and silver, because precious metals defy inflation.
If the gold price continues to rise, this will strengthen precious metal stocks all the more. Solid stocks such as Revival Gold or Discovery Metals should therefore not be lost sight of by investors.
Revival Gold owns the Beartrack and adjacent Arnett Gold Projects in Idaho and an interest in a phosphate project in Utah: https://www.commodity-tv.com/play/revival-gold-building-a-growth-gold-company-investor-presentation/. The Indicated Beartrack-Arnett mineral resource is 1.35 million ounces of gold.
Discovery Metals - https://www.commodity-tv.com/play/newsflash-with-caledonia-mining-canada-nickel-and-discovery-metals/ - focuses on historic Mexican mining districts. The main project is the approximately 35,000-hectare Cordero Silver Project. Numerous exploration targets are located here.
Discovery Metals' latest corporate information and press releases (https://www.resource-capital.ch/en/companies/discovery-metals-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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