Gold - take advantage of any price setback
The year 2022 is drawing to a close. There was no shortage of crises. Investors should bet on gold.
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As the year draws to a close, topics such as a possible recession, stagflation and an energy crisis that will hopefully not materialize are on the agenda. Recently, Jeff Bezos and also the European Central Bank warned of a recession in the USA. It is necessary to pay special attention to financial reserves and to postpone large purchases. Euroland could also face a recession. Insolvencies would probably be the consequence, because rising interest rates represent a burden, both for companies, for a country and also for individuals. If the money printing machine is started up again, this should support the gold price and attract more investors to gold as a safe haven.
It is also interesting to note that the European Central Bank is stockpiling billions of euros in cash as a precaution against a possible power blackout. After all, if the power and Internet supply were to fail over a longer period of time, cash would become scarce. And the economy needs to be kept going. Around 60 percent of the daily purchases made by German citizens are still made in cash. Cash is a proven means of payment and makes sense with a possible blackout in mind. Gold is also money and can be used as a means of payment if necessary. Gold coins have been used for payment since the 6th century. The fact that gold stands for security is still true today. For example, central banks store gold stocks as reserves for crises or to balance risks. Those who want to hedge with gold, can also get stocks of gold companies in the depot, best as long as gold has not yet broken out in price to the top, because the time would be ripe for it. Apart from copper, gold stocks include Aztec Minerals and GoldMining.
Aztec Minerals - https://www.youtube.com/watch?v=5D0A-u_wrQM - has the prospective Cervantes property in Mexico (gold and copper) and the historic Tombstone properties in Arizona (gold, silver, zinc, lead).
GoldMining is targeting gold properties in North and South America (Canada, USA, Peru, Brazil, Colombia).
Latest corporate information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/ ).
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