In the long run, gold tends to keep pace with money inflation. In other words, when the US dollar depreciates against gold, the gold retains its purchasing power. In any case, gold is a safe bet over the long term. But gold is also volatile and can exceed or fall below trend lines from a technical chart point of view. This can be triggered, for example, when real interest rates fall into negative territory.
There were high gold prices in 1974, 1980 and 2011. For years after that, not much happened in the gold price. But this time it’s different because the money supply has grown like never before. And the increase in the money supply will continue in the new year, because money and fiscal policy must support the economy. Each additional month of lockdown is expensive.
Many experts are therefore still pessimistic about this winter, but all the more optimistic about next autumn. Most expect immunization and a return to normal. At the present time you should rethink your economic direction as much as possible. Because we are in a unique special situation. A world after Corona will come and ensure further growth in stock values around the world.
Therefore, you could now position yourself with solid gold values. Kore Mining or Bluestone Resources would be an option.
Kore mining – https://www.youtube.com/watch?v=am__iAlduqo&t=4s – Will continue to focus on its California gold projects. Kore Mining is outsourcing the gold projects in British Columbia (FG Gold and Gold Creek in the Cariboo Gold District) and transferring them to a new company (Karus Gold).
Bluestone Resources – https://www.youtube.com/watch?v=7An3cqsa-vE&t=13s – Owns the Cerro Blanco gold project in Guatemala, which is pleased with very high grade drilling results. Then there is the Mita geothermal project.
Current company information and press releases from Kore Mining (- https://www.resource-capital.ch/de/unternehmen/kore-mining-ltd/ -) and Bluestone Resources (- https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/ -).
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