Gold shares against low interest rates
If you are looking for high-yield investments, then equities should be the focus of attention today. A healthy mixed portfolio cannot do without the shares of gold mining companies. It is no secret that gold has gained enormously in attractiveness. The analysts also forecast a strong gold price for the year 2020.
And since it is no longer possible to make a profit with euro credit balances, but only losses in value, there must be a replacement for loss-making transactions such as euro savings deposits. Because while the purchasing power of the euro is falling, the purchasing power of gold is rising. And with a leverage on the gold price, gold stocks benefit. This promising and nerve-sparing investment opportunity should be used.
Further interest rate cuts by the ECB are threatening and some experts see this as a major threat to the economic system in the euro zone. Prosperity could go downhill. It is also questionable how this will be done if there should be a withdrawal from the zero-interest policy. Because consumers have become accustomed to prices.
The whole dilemma also affects the ordinary citizen. As bank customers, they will also bear the negative interest rate. Be it under the guise of higher bank charges. A look at well-positioned gold companies such as Skeena Resources or Bluestone Resources helps here.
Skeena Resources is focused in the British Columbia Golden Triangle around the Snip and Eskay gold mines and the GJ copper-gold porphyry mine. For the Eskay Gold Silver Project, the first preliminary economic evaluation was very good. The exploitation of the open pit mine will produce an average of 3.23 grams of gold and 78 grams of silver per ton of rock.
Bluestone Resources - https://www.commodity-tv.com/play/bluestone-resources-update-on-cerro-blanco-and-political-situation-in-guatemala/ - has announced a new resource estimate for its Cerro Blanco Gold project in Guatemala: An increase in resources (measured in the category) of 134 percent. The project is 100% owned by Bluestone Resources.
Current company information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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