Gold, the insurance
In the second week of October, the stock markets suffered painful setbacks worldwide. Often chart technical holding lines were broken. A further slide until the turn of the year or at least until a year-end rally could begin is therefore possible. Geopolitical uncertainties, debt orgies and growth fears were the inspiration for the collapse.
One asset class that was able to avoid this downward pull, and even went up sharply, is gold. For thousands of years, the precious metal has been regarded as a value-preserving vehicle, i.e. as a hedge in crises in which other asset classes lose value and confidence in common means of payment is lost. Gold therefore rose from less than 1,190 US dollars per troy ounce (31.1 grams) to more than 1,220 dollars in the meantime.
Gold has therefore once again slipped into investors' focus as an investment alternative. As the fan base grows, increased demand is likely to raise the price of gold further. In such an environment, companies working on gold projects usually benefit disproportionately. Investors who are willing to take risks and who want to speculate on price rises in addition to hedging with physical gold, therefore place good gold stocks such as Steppe Gold and Bluestone Resources in their portfolio as an admixture.
Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298477 - has two gold projects in Mongolia, Altan Tsagaan Ovoo (ATO, 100 percent property) and Uudam Khundii (80 percent property). If the weather conditions in particular play along, then the first gold is to be produced on the ATO project by the end of 2018. Up to 382 grams of gold per ton of rock could be found here.
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298585, on the other hand, is working on its 100% owned Cerro Blanco Gold project in Guatemala. The mineral resource estimate is nearly one million ounces of gold and more than three million ounces of silver. In addition, Bluestone Resources owns the Mita Geothermal Project, also in Guatemala. A licence for construction and operation is already in place.
Current corporate information and news releases from Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html).
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