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With gold on the winning side

Frank Holmes from US Global Investors, many well-known gold experts, believes that the gold price could go uphill massively.

Gold has already risen in price by more than 20 percent this year. “I think there is a high probability that gold will rise to $ 4,000 in the next three years.”, says Holmes. Holmes also expects big steps with silver and the other precious metals. A high gold price usually also leads to an increasing silver price. From experience, silver often achieves a value that is 50 percent higher. In this context, Holmes also refers to the development of the palladium price. It went up in 2019, from $ 1,000 to $ 2,700.

The Institute of International Finance also believes that the price of gold will rise. Global debt will have a causal effect. In the first quarter of 2020, global debt totaled $ 258 trillion. This corresponds to 331 percent of global economic output. And the immense indebtedness of the states can in the long run lead to an increase in inflation or to a considerable depreciation of the currencies, see zero interest rate policy. Exactly the right environment for the gold price on the way up.

According to Holmes, if the investor is looking for suitable gold companies, he should pay attention to quality and above all look for a management with a track record. Treasury Metals or Karora Resources could be considered here.

Treasury metals – https://www.rohstoff-tv.com/play/newsflash-mit-rnc-minerals-karora-resources-auryn-resources-und-treasury-metals/ – owns the Goliath gold project in Ontario, soon ready for production. An estimated 88,000 ounces of gold per year (with a peak production of more than 100,000 ounces in three to six years) are to be mined at an average of 3.81 grams of gold per ton of rock.

Karora Resources – https://www.rohstoff-tv.com/play/newsflash-mit-rnc-minerals-karora-resources-auryn-resources-und-treasury-metals/ -, under the leadership of Paul Huet, who had already successfully built up Klondex, is taking care of increasing the gold production of the Beta Hunt and Higginsville projects. At the same time, the costs of projects located in Western Australia are to be reduced.

Current company information and press releases from Karora Resources (- https://www.resource-capital.ch/de/unternehmen/karora-resources-inc/ -) and Treasury Metals (- https://www.resource-capital.ch/de/unternehmen/treasury-metals-inc/ -).

In accordance with section 34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies in question and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of this news applies.

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