Prominent investors bet on gold
The gold price remains stable at over 1,400 US dollars per troy ounce and the demand for this precious metal is unbroken.
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Not only central banks, private investors, but also well-known investors are very fond of gold. Thus, demand for gold in the first half of 2019 was higher than ever before. The U.S. entrepreneur and hedge fund manager Ray Dalio, for example, said back in July "buy gold, because the end is near". Low interest rates and the expansionary monetary policy of the central banks are putting the economic system in a precarious position.
The renowned investor Mark Mobius also recommends gold "at every level". The long-term prospects for gold are high, says Mobius. He, too, sees the loose monetary policy of the central banks and the rise in crypto currencies as the cause. According to Mobius, digital currencies such as Bitcoin will make gold even more attractive.
Because these conditions strengthen the demand for hard assets. The cuts in interest rates have fuelled the printing of more and more money. Gold can be used to hedge a portfolio. This year, the price of gold in US dollars rose by around 17 percent. At the beginning of July, Mobius correctly predicted that the price of the precious metal would exceed 1,500 US dollars.
So you can't get past gold if you want to protect your assets. Gold stocks are also among them. White Gold - https://www.commodity-tv.net/c/search_adv/?v=299173, for example, owns the White Gold property in the Yukon, consisting of nearly 440,000 hectares of land. The flagship property contains a mineral resource of more than one million ounces of gold. Recent results from diamond drilling have shown very encouraging gold grades.
Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=299249 - is pursuing a special project. The company's main project, the Lost Cities Cutucu Project, is located in Ecuador. Historical data give reason to hope for gold, silver and copper. Soil sampling has already identified targets with elevated levels of silver and other elements typical of gold-silver systems.
Current company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/).
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