The dramatic rise in the gold price
This has been true for millennia, while many other currencies have failed. The currencies issued by the state today are not covered by gold. Gold competes with fiat currencies (objects of no intrinsic value that serve as a medium of exchange). The value of today's currencies is hedged through the power of governments that prescribe currency as legal tender.
Money is a store of value and in this function the currency issued by the state fails. Just look at the continuing loss of purchasing power. Gold, on the other hand, remains intact. Government spending is already out of control. More currencies could go under and gold will become more attractive.
Gold is the money of choice in many cultures. Especially in Asia, gold is in demand as an easy commodity to realize. And Asia is home to half the saver community. No wonder that central banks are increasing their gold reserves at record speed; gold is simply a hedge against the purchasing power losses of paper currencies.
Gold therefore belongs in every portfolio, and the same applies to shares in gold companies. Here you could have a closer look at Maple Gold Mines or US Gold. Maple Gold Mines - http://www.commodity-tv.net/c/search_adv/?v=299175 - owns the Douay Gold Project in North Quebec, one of the best gold mining regions in the world. The infrastructure is excellent and there are already large gold mines within a radius of 150 kilometres. The property covers around 390 square kilometres.
US Gold - http://www.commodity-tv.net/c/search_adv/?v=298868 - has a portfolio of exploration and development projects with a focus on the Keystone Gold Project in Nevada's Cortez-Trend and the Copper King Project in Wyoming.
Current corporate information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.
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