Optimistic for gold and silver
According to the latest statements by the FED, monetary policy was set for a long time. It will continue with the immense increase of money. Interest rates should only be raised if inflation rises above two percent for a long time and full employment prevails. These two conditions are certainly not easy to fulfill. Thus, the way is prepared for a further rise in the price of gold.
All this has investment consequences. Investments in gold should therefore still be worthwhile now. If you look at earlier bull markets, they were inflationary or deflationary. Assuming today's deflationary environment, the price of gold usually rises two to three times. Thus, even rather conservative gold experts set a price target of over 3,000 US dollars for the price of the precious metal.
Companies with gold and silver in their projects are gaining in value and are increasingly becoming the focus of investors. These include Canarc Resources and Endeavour Silver.
Canarc Resources is a growth-oriented gold exploration company. Its primary focus is the exploration of gold properties in North and Central British Columbia. A partner for the New Polaris Gold Mine Project is currently being sought to initiate a feasibility study. Historic gold production has returned 11 grams of gold per tonne of rock. The Company is also looking to explore advanced, best producing gold projects in the USA.
Canarc Resources is led by the highly experienced founder of the company, Bradford Cooke. And Cooke has already proven his ability as CEO of Endeavour Silver.
Endeavour Silver owns three high grade silver-gold mines in Mexico and is looking to grow. A fourth project (Terronera) is progressing towards a development decision. The company is also pursuing other projects in Mexico and Chile.
The latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/).
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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