The lost golden city
The discovery of the ancient Egyptian city is the second most important discovery since the tomb of Tutankhamun, experts said. Among other things, jewelry was found. The period then under the reign of Pharaoh Amenhotep III was one of the richest times. New findings about this period will surely follow.
An old insight, on the other hand, is the function of gold. That gold is in demand in these uncertain and crisis-ridden times is shown, for example, by the current demand for coins. According to Australia's Perth Mint, five percent more gold coins were sold in March than in February and 39 percent more than in March of last year. Some 330,000 ounces of gold in coin form crossed the Perth Mint's counter in the first quarter of 2021. This is a record high. Together with the U.S. Mint, a total of around 23 tons of gold were sold in these three months.
As an investment opportunity at a time when a permanent zero interest rate policy is expected for many years to come, gold is and will remain attractive. Even if the pandemic is pushed back with increasing vaccination numbers, the immense mountains of debt of the governments remain. In addition, economic experts expect inflation, and gold is seen as a hedge against inflation. In the current year, the central banks could also demand more gold again. All this should strengthen the gold price and perhaps even lead to a new record price.
Gold companies such as producer Caledonia Mining and Condor Gold therefore deserve attention.
Caledonia Mining - https://www.youtube.com/watch?v=kIPDPYc2Ca4 - forecasts gold production of 67,000 ounces of gold in 2021 at its Blanket gold property in Zimbabwe.
Condor Gold - https://www.youtube.com/watch?v=YE2m9uXblk8 - is not yet a producer but is making good progress on its La India gold project in Nicaragua. The company has good drill results to show for it.
Current corporate information and press releases from Caldedonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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