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The new price record for gold has been broken

More than 2,000 US dollars per troy ounce of gold were reached faster than many expected

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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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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