The gold price has taken off
This was certainly due to the negative bond yields. The United States has lowered interest rates. Two-year government bonds fell to their lowest level since November 2016, namely two percent. And globally, negative yield government bonds set a new record of $13 trillion.
A low inflation rate and a possible recession are therefore good news. Last week, Mario Draghi, the head of the European Central Bank's banking division, explained that the European Central Bank was once again offering the prospect of a quantitative easing round. The lack of an increase in inflation and of economic improvement is a major problem.
Various government bond yields of European countries are recording new record lows. Government bonds should therefore no longer be profitable, especially if one takes into account an imminent decline in interest rates. Gold should make it even more attractive. The FED also indicated a willingness to lower the key interest rate. Because times are uncertain from an economic point of view.
The subject of Donald Trump and the trade war could possibly be joined by the subject of the currency war, because he is raving against the European Central Bank and there not too narrowly. I thought they used terms like unfair competition. Either way, an investment in gold and gold stocks should provide some security.
Steppe Gold and White Gold offer opportunities to diversify its portfolio.
old - http://www.commodity-tv.net/c/search_adv/?v=299041 - will shortly commence gold production on its ATO gold project in eastern Mongolia. Even under budget planning, the project pleases with low costs ($333 per ounce of gold) and expansion opportunities. The nearby Mungu Gold Project is also high-grade and 100 percent wholly owned by Steppe Gold.
White Gold - http://www.commodity-tv.net/c/search_adv/?v=299173 - owns nearly 440,000 hectares of land in the Yukon with, according to the latest resource estimate, more than one million ounces of gold. The partners Kinross Gold and Agnico Eagle Mines also speak for the quality of the project.
Current company information and press releases from Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/).
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