Markets

Rich will bet on gold

The rich are getting richer, but diversification should be better considered, gold must also be a component. Gold stocks are one of them.

If current assets are shifted, billions would flow into the gold market. But if a few sell the precious metal, then this additional demand meets little supply – the price rises. And if gold owners expect the price of the precious metal to rise, they will not sell as quickly either. So a self-fulfilling prognosis. The price of gold will go up. But where could ever new demand for gold come from?

The major Swiss bank UBS and the management consultancy PwC recently published their study on billionaires (Billionaires Insights Report). It turned out that billionaires’ fortunes had jumped to a new all-time high by July 2020. This after two years of declining wealth. The 2,189 billionaires examined have around 10.2 trillion US dollars worldwide.

There has been a clear upward trend, especially among innovators in the fields of technology and health. But the high-tech stocks are starting to seem expensive, especially on the stock exchanges. Investors in these areas and also the well-heeled owners should slowly but surely seek diversification in these uncertain times. There is not much choice if it is to be as secure as possible as an investment and as far away as possible from possible state repression.

Gold and possibly also crypto currencies can help. Because gold has been a haven of security for many centuries and can, as it were, conserve acquired purchasing power over a long period of time. Bitcoin and Co. have yet to prove this. Gold company stocks could also become the focus of diversification among the super-rich. Even if they will not benefit directly from their increased demand, they will benefit from the price of gold, which continues to rise. Because they have an upward lever.

Interesting companies with promising gold projects include Fiore Gold and Aztec Minerals.

Aztec Minerals – https://www.youtube.com/watch?v=u6aui9t2PBA&t=343s – focuses on properties in North, Central and South America. The flagship project is the Cervantes gold-copper property in Sonoro, Mexico. Initial drill results returned 0.94 grams of gold and 42.1 grams of silver per ton of rock.

Fiore gold – https://www.youtube.com/watch?v=BHU9VvJUY78&t=31s – has recently become a gold producer with its Pan gold mine in Nevada. But the focus is also on other gold projects, such as the Gold Rock project. This is an emerging gold company.

Current company information and press releases from Fiore Gold (- https://www.resource-capital.ch/de/unternehmen/fiore-gold-ltd/ -).

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

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