Precious metals as a traditional safe haven
The value that gold reflects today does not correspond to its intrinsic value. The precious metals trader Degussa assumes that the gold price will continue to track the development of the global money supply in the future. And these are growing money supplies. A price correction, says Degussa, is an opportunity for long-term investors to pounce on gold and silver.
The World Gold Council, or more precisely chief market strategist John Reade, assumes that the gold supply will grow. After all, last year, gold production at mines fell by only four percent. Given shutdowns and intermittent closures, this is not really much, and gold companies have recovered well.
However, many factors that supported the gold price in 2020 remain in place for the entire current year. In this regard, Reade believes that an expected mining supply should be offset by strong investor and consumer demand. That's because risks and uncertainties remain. With respect to the Covid 19 pandemic, there are concerns about viral mutations. Thus, the number of investors betting on gold could continue to move upward. A focus on longer-term and larger portfolios is also expected.
That the outlook for gold is positive is also shown by the latest figures for global gold ETFs. These recorded inflows again in January after the outflow months of November and December.
So quickly take a look at gold companies like Trillium Gold Mines or Adventus Mining.
Trillium Gold Mines - https://www.youtube.com/watch?v=Ib5kfm-19Mk - takes care of gold projects in North America, in Ontario and Quebec.
Adventus Mining - https://www.youtube.com/watch?v=tN_tzUT_WcM - is advancing gold-copper projects in Ecuador. The partner in three projects is Salazar Resources. The company is also active in Ireland.
Current corporate information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/) and Adventus Mining (https://www.resource-capital.ch/en/companies/adventus-mining-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.
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