Interest rates will remain low for a long time
Because the signs are good for a strong gold price. As it seems, more demand is coming from China again. Because the Chinese central bank has allowed large quantities of gold to be imported. China's central bank gives quotas to commercial banks on how much gold can be imported. And those very quotas have just been increased significantly. And China's hunger for gold is an important indication of what may happen next in terms of the price of the precious metal. China is paying seven to nine U.S. dollars more per ounce of gold, and China is the world's largest consumer and also producer of gold. Imports could now attract new buyers for the precious metal.
It is clear that the price of the precious metal is not going steeply upward, setbacks are part of the upward trend. There have also been inflows into the world's largest gold ETF for the first time since March, which is another positive sign. Even before the pandemic, central banks were struggling to stimulate economic activity. Now, after what felt like a fairly long pandemic and lockdown, things haven't gotten much better. The states are groaning under the debt burdens.
Who wouldn't want to put their savings to bed, maybe even make a profit? Gold has proven itself over centuries, even millennia. So, it is high time to think about gold investments, if you are not yet invested.
Gold companies, such as Caledonia Mining - https://www.youtube.com/watch?v=jMaUm3VJnEc -, would be a good choice. The company has been established as a successful gold producer in Zimbabwe for years with its Blanket mine. It is expected to produce 61,000 to 67,000 ounces of gold in 2021.
Karora Resources - https://www.youtube.com/watch?v=4qm1R9MiQzw - is also doing well. Around 115,000 ounces of gold production are targeted for the current year. The Higginsville and Beta Hunt mines in Western Australia are responsible for this.
Current corporate information and press releases from Caledonia Mining ( https://www.resource-capital.ch/en/companies/caledonia-mining-corp/) and Karora Resources (https://www.resource-capital.ch/de/unternehmen/karora-resources-inc/).
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