The performance of gold
This year marks 50 years since the gold standard was abolished. It was in August 1971 that then-President Richard Nixon officially detached the U.S. dollar from gold. The U.S. dollar was a free currency, comparable only to other currencies. When the gold standard still existed, no more debt could be created than there was gold; today it is different. Money can be printed without end.
Debt will continue to go up, not least because of the $1.9 trillion aid package in the USA. A return to the gold standard is discussed again and again, but this would already be difficult because there would be too little gold. And if a country were to return to the gold standard on its own, that would cause the currency of that country to appreciate. That would hurt the export economy. Also, debts would then have to be repaid in the form of gold, which is already impossible due to the extremely large amounts of debt.
So, money multiplication continues, making gold all the more valuable. Whether the future will be based on digital central bank currencies is uncertain. The only thing that is certain in this whole context is that only gold was and is a guarantor of value preservation.
Whether physical gold or shares of gold companies, one should also be invested in gold. For the latter, for example, the companies Vizsla Resources or Victoria Gold are suitable.
With good drill results, the Panuco silver-gold project of Vizsla Resources - https://www.youtube.com/watch?v=AS9q0qP6jl0 - in Mexico is progressing. Panuco is located in southern Sinaloa near the city of Mazatlán.
Victoria Gold - https://www.youtube.com/watch?v=VnKfKu9ho9A, already a gold producer, pulled more than 42,000 ounces of gold out of the ground in the fourth quarter of 2020. The Eagle Gold Mine in the Yukon produced nearly 78,000 ounces of gold in the second half of 2020, even more than expected.
Current corporate information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) 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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