Inflation and no end - gold helps
Inflation seems to be easing in the USA, but there are no signs of this in the euro zone.
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Consumer prices in this country continued to rise in May. They are currently up 7.9 percent year-on-year. At the same time, wages in the first quarter of 2022 almost doubled compared with the previous quarter. A wage-price spiral seems inevitable. Many experts even expect inflation to rise further. In this context, it is also interesting to take a look at other countries, such as the Czech Republic. Budget deficits are high, the Czech central bank is keeping interest rates at a high level, and it is pushing for wage restraint. This is because demand-side inflation could spill over. Inflation is expected to peak at around 15 percent in July. The target of two percent could probably not be reached again for two years. According to the new Czech central bank governor, returns on the bank's large foreign investments are to be increased. The share of equities in the bank's portfolio is to be increased from 16 percent now to more than 20 percent. Central banks in Switzerland, Israel and Norway are acting in a similar way. The Czech Republic also wants to increase its gold holdings from the current eleven tons to 100 tons or more. Because, according to the statements, they want to make profits.
For the private investor, the question of the right investments arises more than ever before. Farsightedness is called for. The time-honored gold and the values of gold companies should be targeted, as some central banks are doing.
For example, there is GCM Mining - https://www.youtube.com/watch?v=CV7pfLIZadQ -, a mid-sized gold producer with the Segovia operation in Colombia. In 2021, over 200,000 ounces of gold were produced there.
Gold Terra Resource - https://www.youtube.com/watch?v=CV7pfLIZadQ - owns the Yellowknife City Gold Project in the Northwest Territories. Excellent drill results are expected to be incorporated into a new resource estimate later this year.
Current corporate information and press releases from GCM Mining (https://www.resource-capital.ch/en/companies/gcm-mining-corp/) and Gold Terra Resource (https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/).
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