Safety is the trump card - hence gold
Rising economic concerns made gold much more attractive. With low or even negative returns this is no wonder.
The fear of a recession is spreading. Yields on the bond markets therefore also fell sharply. Rising gold prices and falling real yields have been closely linked for years. Because the argument that gold does not yield interest no longer applies. If we compare 10-year US government bonds, their real yield, i.e. inflation included, is around 0.1 percent.
Sentiment in US industry has fallen to its worst level in more than ten years. The economy has also cooled in Europe and China. And concerns about the global economy are driving central banks and investors into the safe haven of gold. So it came to the gold price rally in recent times. The central banks are expected to take further easing measures so that the gold price trend can continue as in the past weeks.
The investment specialist BNP Paribas also sees upward pressure on the price of gold. Calculated in euros, the price of the precious metal reached a new record high of 1412 euros per troy ounce. In US dollars, there is still a lot missing until the all-time high of 1920 US dollars in 2011. But time will tell. In any case, it should not be wrong to deal with gold companies that possess the valuable raw material in the ground, for example Ximen Mining or Treasury Metals.
Ximen Mining - https://www.youtube.com/watch?v=ue59Ngit_4I - is 100 percent involved in three precious metal projects in British Columbia. There is an option agreement for the Treasure Mountain Silver Project and for the Kenville Mine, also located in British Columbia. The first gold will be cast in the Kenville Mine this year.
Treasury Metals - https://www.youtube.com/watch?v=dyjPZpqq2I0=18s - focuses on Ontario in its search for gold. There are the Goliath project (well advanced) and the Goldeyes Weebigee project (up to 450 grams of gold per ton of rock).
Current company information and press releases from Treasury Metals (www.resource-capital.ch/de/unternehmen/treasury-metals-inc/).
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