Markets

2020 was a wild gold year – columns

2019 was a strong gold year, the price plummeted in March 2020 and now a good long-term return potential can be expected.

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 ‚Äč‚Äčaround 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/ -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective 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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information it contains comes from sources that are believed to be reliable, but in no way claims to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

Note:
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.

Tags

Related Articles

Back to top button
Close
Close