The gold price jumped back above 1,800 US dollars a troy ounce. A weak dollar helped. Calculated in euros, the troy ounce of gold costs over 1,500 again. The fans of silver, which has even risen faster than gold in price, were especially pleased. In the longer term, precious metal investments can be seen. If the prices are low, you should take advantage of cheap entry points and wait and see.
The news about the vaccine from Pfizer and BioNTech had added to the gold price. But a vaccine and the Covid-19 virus cannot paralyze the bull market in precious metals. The road to normality will still take a while. Because it takes a lot of vaccination units, storage and logistics are not easy. Life, and with it the quarrels, for example between the USA and China, will continue with the new president.
The economic recovery will cause further deficits and increase the national debt mountains. It seems today that precious metal prices were only temporarily pushed down by the vaccination news. In the long run, fundamentals remain good for strong precious metals prices. Those who want to be clever will do well to bet on gold and silver. Be it in physical form or with a leverage on the shares of precious metal companies such as Victoria Gold or Fury Gold Mines.
Victoria gold – https://www.youtube.com/watch?v=4TzhnDCQgFg&t=7s – owns the Eagle gold mine in the Yukon, which was brought into production status this year. This is located on the Dublin Gulch gold property, where recent drilling has returned up to 25.10 grams of gold over one meter per ton of rock.
Tracked in Canada Fury Gold Mines – https://www.youtube.com/watch?v=BpqNSiJNy0E&list=PLBpDlKjdv3yoWEe8WGEU2dq8ikvb5EJ4l – Gold projects such as the Eau Claire gold project in Quebec. An aggressive drill program is intended to update the resource.
Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/de/unternehmen/victoria-gold-corp/ -) and Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-ltd/ -).
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