It is not too late for gold
The hedge fund Bridgewater Associates LP comes to this conclusion. The pressure on the highest ranks of politicians to continue with money printing, zero interest rates and geopolitical distortions will surely accompany us for some time to come. But the central banks cannot increase gold.
Therefore, it can protect the portfolio. And many experts assume that the precious metal still has great upside potential. Since the beginning of the year, the price of gold has appreciated by around 30 percent against the US dollar and also against other currencies. But compared to earlier gold price movements, this was still quite modest. There have been three-digit rallies. In QE1 (quantitative easing, December 2008 to March 2010), i.e. the expansion of the money supply by central banks, the gold price increase was in triple digits. The same applies to QE2 (end of 2010). The aim of quantitative easing is to bring inflation closer to the target issued by the central bank.
The upward trend of the gold price stands thus still at the beginning, believes many industry connoisseurs. There one should not wait until gold becomes perhaps nevertheless too expensive. Because then it could be too late, in order to bring in tidy net yields. And since gold is one of the very few assets that protects against currency devaluation, investors should familiarize themselves with investing in gold companies.
Revival Gold is working on the Beartrack Arnett Gold Project (Indicated resource of 36.4 million tonnes at 1.16 grams of gold per tonne) in Idaho. A 10,000-metre exploration and drilling program is currently underway. A preliminary economic evaluation is nearing completion for the first phase of a restart of mining operations.
Ximen Mining is focused on its precious metal properties in British Columbia and is one of the largest landowners there. Particular focus is on the Gold Drop and Brett Gold projects, as well as the Treasure Mountain Silver project.
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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