Investors discover gold
The price of gold goes up and down, so low prices can be used as an entry point. Gold owners are happy about the performance, but there are still comparatively few who invest in gold stocks. Although it is a good long-term investment. The precious metal markets are rising, as investors realize that the purchasing power of paper money is decreasing. The negative interest rates and the continuing printing of money are the cause.
And central banks will continue to print money, and they will do so worldwide. The high national debt of the major economies is increasing investors' concerns. At the European Central Bank, the money printing machines have been in operation for ten years, and even more thanks to Corona. At the same time, the gross domestic product in Europe has hardly increased since the financial crisis.
Precious metals cannot be multiplied like paper money. They are therefore a good, if not the best, choice for escaping the dilemma of monetary devaluation. Swiss stock market guru Marc Faber also sees great chances that precious metal prices will continue to rise.
Gold shares are subject to price fluctuations just like physical gold and should be considered a longer-term investment. In any case, shares in gold companies have a higher growth potential than physical gold. In order to achieve a good return, it is necessary to identify promising candidates among the gold companies.
These include OceanaGold or Vizsla Resources.
OceanaGold is a mid-sized gold producer with mines in the USA, New Zealand and the Philippines. Growth and exploration opportunities are available.
Vizsla Resources is active in Mexico in gold and silver. The Panuco mine will go into production next year or the year after next. Excellent drill results include up to 7.29 grams of gold and 1,200.6 grams of silver per ton of rock.
Recent corporate information and press releases from OceanaGold (https://www.resource-capital.ch/en/companies/oceanagold-corp/) and Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/).
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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