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Worthless currencies increase the value of gold

Central banks of the West and governments rely on cheap money and debt. Gold should be the winner

Because the Fiat currencies - these are basically currencies that are determined by a government resolution as a means of payment - continue to lose in value during their existence. Gold, on the other hand, has a success story about four thousand years old as protection against the decline of currencies. Looking at recent years, gold cost around US$250 per troy ounce in 2000. Then came a last low. The peak in 2011 was more than USD 1900 per troy ounce. From 2011 to 2015, the price of gold corrected and is likely to have long since bottomed out.

This means that the price of the precious metal is now probably in a new bull market. No wonder. Because mountains of debt are piling up all over the world. Even the USA is unlikely to be able to add to this. When the day will come when the FED will return to crisis-independent monetary policy is therefore uncertain and certainly still a long way off. It is more likely that the devaluation of money will continue, i.e. that the US dollar will also continue to depreciate - in the sense of consumer prices. Gold will thus be increasingly used in its function as a safe haven.

Higher gold prices seem to be programmed with it. Investors will soon find only more reasons to bet on gold and buy it. Large declines on the stock markets could also lead to a relaxation of the Fed's monetary policy. This would further strengthen the gold price through a negative real interest rate. In such an environment, it may also be worth investing in the stocks of companies with gold projects such as Maple Gold Mines and Treasury Metals.

On its Douay gold project in northern Quebec, Maple Gold Mines - https://www.commodity-tv.net/c/search_adv/?v=298484 - drilled a total of approximately 22,600 metres of gold in 2018. An updated resource estimate will be announced in the coming months. The current estimate is at least 3.2 million ounces of gold.

Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298478 - has just reported a new resource estimate (NI 43-101 compliant) from its main Goliath project in Ontario. Total mineral resources explored and indicated now total nearly 1,230,000 ounces of gold equivalent, 64 percent more than in 2015.

Current corporate information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

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 info@resource-capital.ch. 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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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