Gold still attractive
That an investment in gold and silver is still a good choice, especially as an alternative to bank deposits, is clear
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In the wake of current monetary policy, bank deposits will lose their value, both in U.S. dollars and in euros. Attractive prices should be used as entry opportunities. Gold's status as a safe haven will not waver, even if the gold rally takes a breather. The gold price rally that began in 2020 should continue. Rising inflation is generally expected. This is because the economic stimulus programs of many countries are enormous, as is the rising national debt. These are now consequences of Covid-19.
In addition, inflation may materialize more strongly than most people assume. Just think of the increased metal prices or the high oil price, which we become aware of at the gas station. Electricity in this country is by no means cheap either, because renewable energies and their development gobble up a lot of money. Base effects have a strong impact on this. Nevertheless, the loss of purchasing power is enormous.
Hardly anyone doubts that real interest rates will remain negative for some time to come. And the price of gold can only go up as a result. That's why gold should remain a safe haven that many investors head for when the economic or political problems get bigger. So, gold as a solid, long-term investment should hedge investors. In many countries, people go for physical gold, for jewelry, although there are other investment options, such as an investment in the gold companies that own the valuable metal in the ground, such as Condor Gold or Ximen Mining.
Condor Gold - https://www.youtube.com/watch?v=lb1XVw3cAWg - is making good progress with its La India gold project in Nicaragua. Drilling, for example, has found 3.98 grams of gold per ton of rock and an additional gold vein. The company has also bought a semi-autogenous mill.
Ximen Mining - https://www.youtube.com/watch?v=5d7nnbs8a34 - has in its portfolio two high-grade gold projects in British Columbia, Amelia and Brett. In addition, there is the Treasure Mountain silver project and control of the Kenville gold mine. Kenville already delivered good results, about 13 grams of gold and 145 grams of silver per ton of rock.
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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