Gold with tailwind
The gold price is currently recovering. This is due to a weaker US dollar
Receive up-to-date information about the company directly via push notification
The FED is sticking to its monetary policy and the way is paved for a further recovery of the gold price. As the World Gold Council has already emphasized, global investment demand for gold is high. Last year, this grew by around 40 percent. There were record inflows into gold ETFs. Low interest rates, an increasing money supply and heightened market risk created and continue to create strong demand for gold.
In 2019, the gold price jumped above the US$1,500 per troy ounce mark. At the beginning of 2020, the ounce of gold cost more than 1,600 US dollars, before the Corona-related crash followed. In August 2020, the precious metal reached its all-time high of almost US$2,060. Then it went downhill again, and with Joe Biden's election victory, it went up again. Immense economic stimulus packages strengthened the gold price.
This leads to a devaluation of money. Gold and silver, on the other hand, have proven to be a better store of value than the U.S. dollar or the euro. In the period from 2000 to 2021, gold gained 9.3 percent, while silver gained 7.9 percent. Since the low interest rate policy will probably remain in place for years to come and the increase in the money supply will continue, an investment in gold should be considered. Because it could happen that the purchasing power of the Fiat currencies comes still more under the wheels. Whereby with gold and silver not only the purchasing power can be preserved, but also a real increase in value can be caused.
Among the companies that own the gold in the ground, Bluestone Resources or Fury Gold Mines, for example, are convincing.
Bluestone Resources' - https://www.youtube.com/watch?v=a7FWN1MXe7g - Cerro Blanco gold project in Guatemala is advanced, will deliver about 334,000 ounces of gold per year and has low production costs.
Fury Gold Mines - https://www.youtube.com/watch?v=VbWmnxT9eEU - has five projects in its portfolio. They are located in Quebec (Eau Claire project, up to 15.3 grams of gold per ton of rock in drilling), Nunavut and British Columbia.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Fury Gold Mines (https://www.resource-capital.ch/en/companies/fury-gold-mines-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also