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Less global economic growth - further momentum for the gold price

The IMF (International Monetary Fund) has lowered the global economic growth expected for 2020

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While the IMF last October was still expecting economic growth of 3.4 percent, previously even 3.6 percent, the forecast is now only 3.3 percent. This is positive for the gold price. Above all, the fierce political quarrels in the largest democracy, India, are cited as the cause.

Looking at the forecasts for 2020, the USA, India and China are expected to have lower growth rates than 2019. In contrast, economic output is expected to increase in Germany, in the emerging and developing countries and in Japan, for example. 

Not only the attractiveness of the precious metal and the currently strong price speak in favour of an investment in gold. Of particular importance is the value retention factor. Because savers who continue to bet on overnight and fixed-term deposit accounts lose money. Even though inflation in 2019 was only 1.4 percent. According to calculations that include the inflation rate, savers in Germany will have lost around 30.3 billion euros in 2019. The reason is the low interest rate - so it is time to invest in gold and gold companies.

Two companies, Auryn Resources and TerraX Minerals are particularly noted for their projects, which are located in excellent areas for prospecting - https://www.commodity-tv.com/play/newsflash-with-skeena-osisko-gold-royalties-rnc-minerals-isoenergy-and-auryn-resources/. 2020 could be the decisive year for Auryn Resources. The Sombrero copper-gold property is located in southern Peru in the Andahuaylas Yauri Belt. Large copper and gold contents were found in surface samples. And this is only one of seven projects.

TerraX Minerals' Yellowknife City gold project in the Yellowknife Greenstone Belt is likely to be just right - https://www.commodity-tv.com/play/terrax-minerals-adding-value-by-more-drilling-and-increasing-existing-resource/. High-grade gold mines used to exist in this area. One of the main deposits, Sam Otto, has already shown that gold can be found here quickly.

Recent corporate news and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-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 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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