Good fundamentals for gold
Many experts see the US dollar losing further value and are already forecasting banking crises. Because people are slowly realizing what is happening to the purchasing power of the euro, pound or US dollar. The price of gold and silver could still rise dramatically, especially if the currencies continue to decline.
If there is a crisis, like Corona and its effects, the states always strive for a return to normality. But this is a state before the crisis. The economy is dynamic, markets are changing, some industries are doing well, others are disappearing, and this is controlled by the consumer. The states should perhaps focus more on what will happen after the crisis. Because the pages will be rewritten after Corona.
Gold as a hedge is the right choice for long-term investors. Price setbacks such as the current one should be used. The rally of the precious metal was also spectacular and ran for many weeks in a way that has not been seen since 2006. However, short-term price corrections do not change the excellent prospects. The unprecedented increase in the money supply, the immense debts and the global trade in government bonds with negative returns will continue to fuel the price of gold.
So it is high time to look into shares of gold companies such as OceanaGold or Treasury Metals.
OceanaGold, a mid-size gold producer, has gold and copper in its projects in the USA, New Zealand and the Philippines:https://www.commodity-tv.com/play/newsflash-with-oceanagold-mag-silver-and-copper-mountain-mining/. These include the country's largest gold mine on the South Island of New Zealand.
Treasury Metals' portfolio includes several gold projects and also a polymetallic project: https://www.commodity-tv.com/play/treasury-metals-investor-presentation-july-2020-with-qa/. The flagship project, Goliath, will soon be ready for production, initially as an open pit, and later as an underground project. Production is expected to average 3.81 grams of gold per tonne of rock.
Recent corporate information and press releases from OceanaGold (https://www.resource-capital.ch/en/companies/oceanagold-corp/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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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