Solid economic growth in 2019
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Various aspects of the real economy point to solid economic growth in the current year. This is how the experts at Deutsche Bank see it. They expect global economic growth of 3.5 percent in 2019 and 2020. Although 2019 still faces major challenges - monetary policy, Brexit, the US economy, the customs dispute - there should be no unforeseen unpleasant surprises. In addition, some of the obvious risks appear to have already been priced in.
The world's largest economy, the USA, is expected to grow by an estimated 2.5 percent in 2019. This is shown by US economic indicators. A further increase in profits of American companies is expected. It remains to be seen to what extent the tax incentives will stimulate consumption in America.
Since economic momentum in the USA appears to be slowing somewhat overall, Deutsche Bank experts expect the generally interesting gold price for the end of 2019 to be only 1,230 US dollars per troy ounce. But industry experts, such as the renowned stock market magazine Focus-Money, are more positive. The rise in the price of the precious metal seen at the beginning of 2019 could only have been the beginning. In addition, we are in a pre-election year, because 2020 will be elected in the USA. And in pre-election years, the gold price rose by an average of 14 percent, according to Focus-Money.
A well-mixed portfolio also includes stocks of promising gold companies such as Steppe Gold or Treasury Metals. Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298802 - will be able to cast the first gold in its ATO gold project in a few months. The project is located in Mongolia, where a well-functioning democracy, a growing economy and proximity to China, a major consumer of raw materials, are convincing arguments.
Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298722 - is in the approval process for its Goliath gold project in Ontario. The local population is optimally involved in the process. The project is wholly owned by Treasury Metals and is expected to have an estimated 1.3 million ounces gold equivalent.
Current company information and press releases from Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc.html).
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