The value of gold
New crisis - new debts are made - the money printing machine is running. This new normality is destroying paper currencies. The value of gold remains or rises. History clearly shows this. The analysts of the major Swiss bank UBS explain the reputation of gold as a safe haven as the most important driver for the price. The reason is the uncertainty of investors.
And some analysts, for example Michael Howell, Director at CrossBorder Capital, currently sees the gold price as too low, "the gold price is fairly valued in the range of $2,500". Because this is the right price, given the speed at which the money supply is growing. So, it should still go up with the price of the precious metal.
Looking at the price development since 1970, the price of gold has increased by an average of more than seven percent annually. Or to put it more correctly, it is not the gold price that has risen, but rather the credit currencies have gone down against gold. Economic interests are placed above the interests of the population, and the gap between rich and poor is widening. This whole development does not give hope for the future. Profiteer is the gold and also the companies that own the valuable good in their projects like Caledonia Mining or Mawson Gold.
Caledonia Mining has been producing for years with the participation of local investors, who ensure acceptance in otherwise not so easy Zimbabwe. The blanket gold mine is expected to produce around 80,000 ounces of gold per year in the next two years.
Mawson Gold has two significant projects. One is the Rajapalot gold-cobalt project in Finland and the other is the properties on the Mount Isa area in Australia. These are joined by gold projects in Australia's Victorian Goldfields. Gold was mined there from 1880 to 1920, but only to a depth of 80 metres.
Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/) and Mawson Gold (https://www.resource-capital.ch/en/companies/mawson-gold-ltd/).
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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