Gold with great potential
2021 began with the hope that vaccination would soon bring the Corona crisis under control. The impact of the pandemic on health and the national economy is immense. Mutations lead to further uncertainty. Like last year, gold is likely to attract investors this year as a strong hedge. A fiscal and monetary response unprecedented in history is attempting to avert an economic shock.
Governments continue to increase debt, government bonds are capped in yield, key interest rates are likely to be on hold until 2023, and the U.S. dollar continues to weaken. All this strengthens investor sentiment towards gold. At the same time, inflation is rising, and this is also reflected in higher energy costs. Inflation is expected to rise to as much as two percent in the second quarter of 2021. A peak, according to experts, should then be 2.8 percent.
Whether there is a connection between gold price and inflation - high inflation, then high gold price - is at least questionable. But in any case, gold investments are suitable to acquire a hedge against the negative effects of inflation (reduced purchasing power of paper money). Among the gold companies, Skeena Resources or Fiore Gold are appealing.
Skeena Resources - https://www.youtube.com/watch?v=CWBxDsuEofs - is working in British Columbia in the Golden Triangle on the revitalization of the Snip and Eskay Creek gold mines. The latter recently delivered very good drill results, namely up to a good 12 grams of gold per ton of rock.
In Nevada, Fiore Gold - https://www.youtube.com/watch?v=QFmOJyVxYSw - is already producing at its Pan property. At the nearby Gold Rock Gold Project, the feasibility study is being advanced.
Current corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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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