Precious metals and inflation
Since the conventional shopping basket currently provides only a distorted picture, the scientists have recalculated the price development of food during the crisis. The "Big Mac Index" is always used to compare the currency with other countries. It checks the purchasing power. This is not currently available in the same way as it would otherwise be. Today the inflation development is of interest. So, the ingredients for a homemade chili con carne were examined. According to the results, the ingredients have become around six percent more expensive since the beginning of February.
The price development of 30,000 products of large supermarket chains in Europe also shows a significant price increase. Inflation accompanies us. The values calculated by the European Central Bank, on the other hand, are significantly lower (inflation rate in March was only 0.7 percent). This, according to economists, can lead to a wrong monetary policy. Especially the increase of the money supply, as practiced by the ECB, is therefore associated with dangers.
In order to escape inflation and at the same time preserve assets, it is not a good idea to have a savings account at the bank, but rather to invest in precious metals. Gold shares in particular should not be ignored in order to escape the misery in the long term. Gold companies that are doing solid work on their projects include Cardinal Resources or RNC Minerals, for example.
Cardinal Resources is a West African gold company operating in Ghana, West Africa: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-skeena-resources-and-cardinal-resources/. The Namdini Project has a proven and probable ore reserve of 5.1 million ounces of gold. In addition, exploration programs are ongoing at the Bolgatanga and Subranum projects.
RNC Minerals is a profitable, growth-oriented gold producer in Western Australia: https://www.commodity-tv.com/play/newsflash-with-goldmining-rnc-minerals-isoenergy-and-gold-terra-resources/. The company produces gold at its Beta Hunt and Higginsville projects. Near the Higginsville processing plant, RNC Minerals is currently acquiring the Spargos Reward Gold Project.
Recent corporate information and press releases from RNC Minerals (https://www.resource-capital.ch/en/companies/rnc-minerals-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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