What speaks for gold investments
It could take some time before a new government is in place in our country. This is likely to be accompanied by uncertainty, but it can be put to good use. The years of stability under conservative Chancellor Merkel are over. The new German government is likely to be more fragmented. To what extent this will affect the gold price is questionable. Predictions of the chart technique are often overturned by special events.
There are many examples of this, whether the 9/11/2001 attacks, the 2008 oil price crisis, Fukushima, Corona, or the current gas price explosion. No chart can predict such events. In China right now, the fall of the Chinese real estate company Evergrande is making headlines. It has accumulated debts of more than USD 300 billion. Europe, according to European Central Bank President Christine Lagarde, should only be affected to a limited extent. Jerome Powell, head of the Fed, also sees little impact on the US. In contrast, the Swiss central bank SNB sees more of a risk that is not limited to China. In any case, China has already lent billions of US dollars to protect domestic investors from the Evergrande debt crisis.
Unpredictable events, geopolitical risks or elections, many things influence the price of gold. Nevertheless, over centuries, even millennia, the value of gold has remained a stable factor. That is why a part of the investment portfolio should be focused on the precious metal. This is where the stocks of gold companies such as Kore Mining or Maple Gold are suitable.
Kore Mining - https://www.youtube.com/watch?v=aiJqVgb0KWw - is busy with the exploration and development of its Long Valley and Imperial projects in California. The projects are located in prospective areas.
Maple Gold Mines - https://www.youtube.com/watch?v=mFuZJgdUMh0 -, together with its partner Agnico Eagle, is advancing the Douay gold project (recent drilling has returned up to 30 grams of gold per tonne of rock) and the Joutel gold project in Quebec.
Current corporate information and press releases from Maple Gold Mines (www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Kore Mining (www.resource-capital.ch/en/companies/kore-mining-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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