In 2003, the average price of gold was around USD 363. Since then, it has increased by about 340 percent. In comparison, the DAX price index stood at 1625 points, today at 5171 points. Assuming the value of the DAX share price index since the high in 2007, hardly anything has changed. Dividend payments are not included.
Gold has outperformed equities with its recent price eruption. This hasn't worked for years. Because gold is an opponent of the central banks and is contrary to a monetary system that is not covered by gold. But in the long run the gold price could not be kept at a low level. The central banks of many important countries will keep interest rates down for a long time to come, because the debts are large. At the same time they are eager to buy gold. What's the matter with you? Because gold is one of the safest investments.
And the good news for gold fans is that even a strong US dollar can no longer prevent the gold price from soaring. That's what lately has shown. Although the US dollar appreciated against the euro, the gold price was able to lift off. The gold price of almost 2000 US dollars in 2011 could therefore move within reach again. Paper currencies will be at a disadvantage. This will lead even more investors to gold. The precious metal markets are becoming more and more conscious.
Thus also the shares of the companies that own the gold in their projects. Among the promising candidates are certainly GoldMining and Treasury Metals.
Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=299172 - owns three other projects and the wholly owned Goliath Gold Project in Ontario. Already well advanced, it contains (measured and indicated) approximately 1.23 million ounces of gold and approximately 227,000 ounces of silver.
GoldMining - https://www.commodity-tv.net/c/search_adv/?v=299224 - has a portfolio of projects in the USA, Canada, Brazil, Colombia and Peru. Of particular importance are the Yellowknife Gold Project in Canada and the Titiribi Gold Copper Project in Colombia. The company is one of the largest gold resource holder in the world with almost 23 Mio ounces gold now!
Current company information and press releases from Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.
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