Healthy and normal gold price correction
Frank Holmes of US Global Investors calls corrections "parts of the gold DNA". There were also clear phases in the gold rally of the 2000s when the price of gold went down. Some of them even amounted to more than 20 percent. If one includes in the considerations the negative real interest rates, which will surely remain for a long time, and the unprecedented money printing, then gold is and remains the best investment in these times.
Randy Smallwood, new Chairman of the World Gold Council, believes that the time is right for precious metals. During the last financial crisis, billions were spoken about quantitative easing, but today we are talking trillions.
The fact that paper currencies are now a very bad investment should have gotten around by now. Inflationary pressure is rising, and the economy is weakening. Therefore, gold is not too expensive today. But still relatively few are invested in gold shares. Because for too long the Fiat money was a safe investment. The real interest rates and also the 10-year real yields are negative, bond yields cannot keep up with inflation.
Even if gold does not offer a return, investing in the right gold companies can beat the devaluation of money - hence a look at companies like Tarachi Gold or Treasury Metals.
Tarachi Gold is currently completing a diamond drill program on its mineral concessions (Tarachi Project) in northwest Mexico's Sierra Madre Gold Belt. The concessions should have good prospects "in the shadow of the giants".
Treasury Metals is located in Ontario with its flagship Goliath gold project. The start of production is not far away. Other gold projects and a polymetal project are also part of the portfolio.
Current corporate information and press releases from 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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