Low or negative interest rates will be around for a long time to come
Although the European Central Bank will raise interest rates again, the gold price is not yet benefiting.
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The gold price has not yet started to recover, but the general conditions are very good in the long term. High inflation is to be fought, but, according to the ECB, the focus is clearly on the high indebtedness of many European countries. High inflation rates will continue to prevail in Euroland in the new year. The ECB wants to curb inflation with another interest rate step. According to a survey, most people still expect an inflation rate of three percent in three years. So the ECB's target of two percent inflation is still a long way off. Another interest rate step by the ECB could follow in December. Experts at the major bank Morgan Stanley forecast an end to the ECB's interest rate hike cycle in March 2023.
This is not good news for savers. It is not possible to preserve value with savings deposits; the tried and tested gold or gold shares are of better help here. Looking at the USA, the high level of debt and the economy are causing concern there. It is expected that the Fed will have to change its course. If the market prices this in, the current prices of gold shares should be attractive. From the whole situation, sovereign debt, inflation and in addition the energy crisis in Euroland, the gold price must be driven. Unfortunately, this is not the case at the moment. But the time for gold will come, because long-term low interest rates are the perfect breeding ground for a rising gold price. Patience is required, but will pay off, for example with stocks such as Revival Gold or Vizsla Silver - https://www.youtube.com/watch?v=bomWcs8Y8Vg .
The latter owns 100 percent of the Panuco silver-gold project in Mexico (production is not far off) and the Blueberry project in British Columbia.
Revival Gold - https://www.youtube.com/watch?v=bomWcs8Y8Vg - is working in Idaho on the Beartrack-Arnett gold project. It was the largest formerly producing gold mine there. Work on a preliminary feasibility study is underway.
Latest corporate information and press releases from Vizsla Silver (https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ ).
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