Golden moments of entry
The gold price was able to jump back above USD 1,800 per troy ounce. A weak dollar helped. Also calculated in Euro the troy ounce of gold costs again over 1.500. Especially the fans of silver, which has risen even more than gold in price, were especially pleased. In the longer term, precious metal investments are to be seen. If the prices are low, one should take advantage of favorable entry moments and wait relaxed.
The news about the vaccine from Pfizer and BioNTech had added to the price of gold. But a vaccine and the Covid-19 virus cannot paralyze the precious metal bull market. The road to normality will still take a while. Because a lot of vaccine units are needed, storage and logistics are not easy. Life, and with it the quarrels between the USA and China for example, will continue with the new president.
The economic recovery will cause further deficits and increase the states' debt mountains. Precious metal prices, it seems today, were only pushed down for a short time by the vaccination news. In the long run, the fundamentals remain good for strong precious metal prices. Whoever wants to be wise will do well to bet on gold and also silver. Be it in physical form or with leverage on the shares of precious metal companies such as Victoria Gold or Fury Gold Mines.
Victoria Gold - https://www.youtube.com/watch?v=EHFrmnEPqEY&t=3s - owns the Eagle Gold Mine in the Yukon, which was brought into production this year. This is located on the Dublin Gulch gold property where recent drilling has returned up to 25.10 grams of gold over one meter per tonne of rock.
In Canada, Fury Gold Mines - https://www.youtube.com/watch?v=he-HXzHsavE&list=PLBpDlKjdv3yoWEe8WGEU2dq8ikvb5EJ4l&index=5&t=68s - is pursuing gold projects such as the Eau Claire gold project in Quebec. An aggressive drill program is planned to update the resources.
Latest corporate information and press releases from Victoria Gold (www.resource-capital.ch/en/companies/victoria-gold-corp/) and Fury Gold Mines (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.
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