Golden prospects for the new year
The fact that gold serves as a means of preserving value has also become established in people's minds. Inflation is commonly seen as a means to economic growth. The disadvantage: Saved money loses value. That is why many people like to take gold or gold shares.
The fact that we are living in a time of a steady loss of purchasing power of our currency has now got around. Various investment advisors are now advising an overweighting of the portfolio in equities, especially gold. Because trade disputes, the easing policy of the major central banks and climate problems will continue to accompany us in the new year.
Gold should therefore remain well supported. How the global economy will continue is like looking into a crystal ball. In any case, growth is expected, albeit not particularly large. The decisive factors for the gold price are determined by the monetary policy decisions of the central banks and the development of the economy. Another criterion is likely to be the presidential election in the USA in the autumn. If Donald Trump is re-elected, it is more likely that there will be further trade disputes. This in turn stands in the way of an increase in the key interest rate. Because for re-election, Trump will seek the strongest possible economy.
Be that as it may, gold should remain a strong focus of the investment community in 2020 and live up to its status as a means of preserving value. An investment in gold companies therefore belongs in every well mixed portfolio.
Here, for example, there would be US Gold or TerraX Minerals. US Gold owns projects in Nevada, once in the Carlin Trend and once in the Cortez Trend, in two highly productive areas - https://www.commodity-tv.com/play/us-gold-acquisition-of-maggie-creek-pfs-for-keyhole-copper-deposit-in-2020/. There's gold and copper here. In Wyoming, the Copper King project is being added to this.
TerraX Minerals has entered the Northwest Territories with its 100% owned Yellowknife Gold Project - https://www.commodity-tv.com/play/newsflash-96-with-auryn-resources-terrax-minerals-treasury-metals/. The Yellowknife Greenstone Belt, where the project is located, is also an excellent area for gold prospectors.
Recent corporate news and press releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/).
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