Time for gold investments
A weak U.S. dollar has brought profits to mining companies. Gold is a monetary metal hedge and last year was the best year in the last decade. High-performing gold companies should not be missing from the portfolio. At the same time, investment decisions should only be made based on the best information from the right news sources.
Another good year regarding the gold price is expected by the vast majority of industry experts and analysts. Negative interest-bearing debt as well as economic and geopolitical uncertainties will also be seen in 2021 and support the gold price. This is also the view of Frank Holmes, for example, well-known CEO of U.S. Global Investors. He believes that a significant price increase is possible, even a price movement of 20 percent upwards. Especially if the money printing of the central banks should become even more aggressive.
Among the junior gold mining favorites for Holmes, for example, is Revival Gold - https://www.youtube.com/watch?v=CCP6YOVKuQo. Its Beartrack-Arnett Creek gold project is located in Idaho. According to the prefeasibility study, around 72,000 ounces of gold are expected to be extracted from the ground annually, and at low cost.
Already a successful producer in Zimbabwe is Caledonia Mining - https://www.youtube.com/watch?v=JzpHxl9aP-U. Nearly 58,000 ounces were produced in 2020 and production of 61,000 to 67,000 ounces is forecast for 2021.
Gerald Celente, renowned trend researcher and editor of Trends Journal, also expects precious metal prices to rise in the current year and the US dollar to continue to depreciate. He sees the gold price rising above US$2,100 and silver well above the US$50 mark.
Current corporate information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-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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