Currently, the gold price seems to have found a lower threshold of 1,800 US dollars. In August, stimulus initiatives, currency devaluation and the uncertainties surrounding the US election pushed gold prices higher. The safe haven was in demand. After the price crash, which did not last long, the troy ounce of gold now costs around 1,866 US dollars.
Many voices assume that gold prices will rise, such as Brian Leni of Junior Stock Review. And a great many analysts believe that the environment for higher prices has been developing for several years. The pandemic was a kind of trigger. Volatility creates the conditions for further growth in the gold price. The huge pressures that the pandemic is bringing with it can bring the price of gold into the $ 2,000-3,000 range, with some seeing higher prices coming.
The framework conditions, the ultra-expansionary monetary policy and the fiscal stimulus measures will also have an impact on the gold price in the new year. Even if the corona crisis will gradually be overcome in 2021, the immense mountains of debt that have been accumulated will remain and they will certainly not be able to be reduced for a long time.
Investing in gold companies over the medium to long term shouldn’t be a bad idea. An investment in Revival Gold or Corvus Gold would be an option.
Revival gold – https://www.youtube.com/watch?v=CCP6YOVKuQo&t=18s – Has the right to acquire all interests in the Beartrack-Arnett Creek gold property in Idaho. This property used to be the largest gold producing operation in Idaho.
Corvus gold – https://www.youtube.com/watch?v=8ha6FHxZ4Qk – focuses on gold and silver deposits in North America, particularly the North Bullfrog and Mother Lode projects in Nevada. In addition, there are royalties in other North American areas.
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