Whether at OFI Asset Management or at Degussa, there is agreement on a greater range of fluctuation for precious metals, especially gold. In August, the gold price clearly showed that there are now greater price fluctuations. So it came to a new record high in August, but also at a price below 2,000 US dollars. Since investors should focus on the medium to long term for precious metals, price fluctuations must not be taken too seriously.
It means to keep your nerve. In the opinion of the Degussa experts, the fundamental drivers will remain intact in the future and a further rise in precious metal prices is expected there. They are forecasting a gold price of around US $ 2,550 per ounce in mid-2021. The price of silver could increase by up to 48 US dollars per troy ounce, according to Degussa. A continued loose monetary policy and the continued existence of the global fiat monetary system are assumed.
The loose monetary policy will further reduce real yields. And the new debt in the US will weaken the US dollar while strengthening gold and silver. Gold bars and coins are being ordered in the USA and Europe more than they have been since 2016. And more and more investors are getting involved in gold and silver ETFs. The value of gold and silver remains and an investment in precious metal companies should be a good opportunity to benefit from the value retention. For example through an involvement in Caledonia Mining or Revival Gold.
Caledonia mining – https://www.rohstoff-tv.com/play/spezial-sendung-mit-chartanalyse-zu-gold-und-silber-sowie-minennachrichten/ – is on the road to success with its blanket gold mine in Zimbabwe. Production is increasing, as is profit, costs have been reduced and acceptance is high thanks to local investors.
Owns in Idaho Revival gold – https://www.rohstoff-tv.com/play/spezial-sendung-mit-chartanalyse-zu-gold-und-silber-sowie-minennachrichten/ – The right to acquire 100 percent interest in the Beartrack and Arnett gold projects, both located in Idaho. The properties host the second largest known gold deposit in Idaho.
Current company information and press releases from Caledonia Mining (- https://www.resource-capital.ch/de/unternehmen/caledonia-mining-corp/ -).
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