Although a return to the gold standard is unlikely at the moment, it is still an interesting topic.
It is more likely that the USA will continue to increase its gold reserves. The discussion about the gold standard alone, however, could give further impetus to the gold price. US President Donald Trump has long been a gold fan and a fan of the gold standard. Its sanctions and tariffs also seem to aim at reducing the trade deficit.
A return to the gold standard would not be easy. Then the rest of the world would have to do the same. And the USA would have to increase its gold reserves extremely. The price of gold would then also have to be significantly higher. But all this, according to economists, would probably lead to a depreciation of the US dollar on the way to gold cover and thus to inflation first. The effects on the US economy would be great, the FED could no longer print money at will.
Nevertheless, there are supporters of the gold standard who believe above all that they can free the USA from its debts in this way. In any case, a return to the gold standard would have many advantages, but also disadvantages. The fact that the discussion is always flaring up cannot harm the price of gold.
At present, this not only pleases investors, but also gold companies such as Bluestone Resources or Auryn Resources. Bluestone Resources - https://www.youtube.com/watch?v=FjsHNthG_vs - is pleased with its Cerro Blanco gold project in Guatemala according to the Feasibility Study. About 146,000 ounces of gold are expected to come out of the mine each year. Recent drilling has returned up to 11.2 grams of gold per tonne of rock.
Auryn Resources - https://www.youtube.com/watch?v=puN7UI1QvR0&t=12s - has a prospective gold project in Nunavut and a gold copper project in Peru. In addition, there are five other projects. H.C. Wainwright & Co. recommends Auryn Resources to buy and quotes a target price of USD 2.10 per share.
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