Less global economic growth - further momentum for the gold price
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.
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