Precious metals must be in the portfolio
Stock market expert Marc Faber is certainly not alone in this opinion.
Marc Faber therefore recommends that investors invest part of their assets in precious metals. Because if you look at the last ten to twenty years, the development of precious metals was not bad. Another possibility, combined with leverage on the gold price, would be to acquire shares in precious metals companies. Although zinc, copper or nickel have also risen significantly in price, they have also gone down again. Marc Faber advises mainly gold, silver and platinum.
Finding good companies at a reasonable price is not easy. Because the ratings are rather high. But if you look for it, you will surely find it. Here you can look around not only in Canada, but also in more exotic mining countries, for example. In many countries in Latin America, illegal gold mining is still a big problem. One such country is Nicaragua. There, abundant mineral resources such as lead, iron, gold, copper or silver are stored. And the deposits have only been little developed. Only gold, silver and copper have been mined to any significant extent. The leading economic sector in Nicaragua is still agriculture.
Condor Gold - https://www.youtube.com/watch?v=KMo4yB9qHYc - has three good projects in Nicaragua, such as the La India project, which includes a historic gold mine. Recent drill results have yielded up to 6.26 grams of gold per ton of rock. A completely different country, New Zealand, is rather poor in mineral resources compared to other nations. But gold and silver are mined.
This is where OceanaGold produces. The Macraes property is the largest active gold mine on New Zealand's South Island, producing over five million ounces of gold since 1990. On the North Island of New Zealand is OceanaGold's Waihi property. Long-term production is expected.
Latest company information and press releases OceanaGold (www.resource-capital.ch/en/companies/oceanagold-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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