Joe Biden - Climate policy - Precious metals
The new U.S. President Joe Biden now has the necessary backing to keep the climate protection promises he made during the election campaign. He plans to invest two trillion U.S. dollars to drive forward the energy transition. The aim is to achieve CO2 neutrality by 2050. The use of fossil fuels is to be reduced, wind and solar energy are to be promoted, as is electromobility.
Back in 2011, when Barack Obama became president and the Democrats were in control of the executive branch, a unique economic stimulus package was put in place that brought clean energy successes to light. Today, 15 states in the U.S. have already established an initiative to eliminate the use of fossil fuels in public transportation and heavy haulage. These are predestined areas of application for hydrogen vehicles.
The forward-looking technology of hydrogen technology needs platinum as an important raw material for the catalyst. Sibanye-Stillwater - https://www.youtube.com/watch?v=qtYMxIiQi_Y - (www.sibanyestillwater.com), for example, has platinum and palladium in its projects in the USA and South Africa.
Biden's climate plans cost immense sums of money. The USA is sitting on a huge mountain of debt, and at the same time the central bank is printing fresh money, devaluing it. As a result, gold is becoming more and more valuable, because it cannot be increased so easily. In addition, the low interest rates, which drives investors to gold. Thus, the development can lead to even higher gold prices, which gold companies are happy about. Sibanye-Stillwater owns large gold projects in addition to its platinum and palladium projects.
Another well-positioned gold company is Bluestone Resources - https://www.youtube.com/watch?v=lauHNuCYADI - with its very high-grade Cerro Blanco gold project in Guatemala, which has so-called bonanza grades.
Current corporate information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also