The new price record for gold has been broken
Also calculated in Euro, the price of gold reached a record high for itself. Falling bond yields and the prospect of further declines in real interest rates and further global indebtedness have driven the price of gold up. Strong ETF inflows are also continuing, so the gold price may continue to rise.
So the safe haven gold works. Gold expert Frank Holmes points out the consequences, if the FED throws a lot of money on the market, experience shows that this drives the price of gold. The corona crisis is only an indirect driver, according to many experts. They also see USD 4,000 per ounce of gold coming towards us in the coming years. Commerzbank expert Weinberg also sees further potential for the gold price to rise.
For those who are not yet invested in gold, it should not be too late. And it will not always be a steep climb, setbacks must be planned for and patiently endured.
In the second quarter a good 50 per cent of gold went to the accounts of financial investors. The fact that the demand for gold in India and China fell at the same time did not prevent the price from rising. After all, gold in the form of jewellery is only a part of the total demand. Although gold is a worthwhile investment, if you look at the development over ten years, shares are doing better from a current perspective.
Therefore, we take a look at Trillium Gold Mines and Victoria Gold. Trillium Gold Mines focuses on gold projects in Ontario. Adjacent to the Company's Newman Todd property (located in the high-grade Red Lake mining district), the Company is in the process of acquiring the Rivard property.
Victoria Gold has just become a producer thanks to its Eagle mine in the Yukon region. The start of commercial production is always a milestone for a gold company. Production of around 210,000 ounces of gold per year is expected. This at a cost of 750 US dollars per ounce, at the current price of gold this is a nice profit.
Latest company information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/) and Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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