Inflation to rise to over three percent by the end of the year
But, according to Weidmann, the increase should only be temporary. For the ECB, the level of inflation in the euro zone is decisive. How does it now come to this announced inflation level? On the one hand, he said, the reversal of the VAT reduction will have an impact, which is a one-off factor. On the other hand, fundamental factors will have an effect.
For example, the order-to-stock ratio in the manufacturing sector. Here, orders are higher than inventories and this leads to higher goods inflation. The experts at UniCredit have taken a close look at the scenario and they forecast headline inflation in the second half of the year of a good two percent at the end of 2021. UniCredit's experts seem to factor out base effects. In fact, oil price increases and the normalization of the VAT rate only have a temporary effect.
What bank analysts hardly pay attention to, however, is a sudden, rapid loss of faith in the paper currency on the part of citizens. Historically, it has been proven that this can happen very quickly and can hardly be stopped by central banks. It is therefore important for citizens to hedge in good time before such a wave builds up. Gold has also been historically proven to be a safe haven that preserves value.
That's where stocks like Maple Gold Mines or Victoria Gold come in handy. Maple Gold Mines is partnering with Agnico Eagle Mines on its Douay gold project. Encouraging drill results are available.
Victoria Gold - https://www.youtube.com/watch?v=VnKfKu9ho9A - is already producing. In the fourth quarter of 2020, about 42,000 ounces of gold could be recovered from the Eagle Gold Mine in the Yukon.
Current corporate information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/).
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