Gold Price in January – Columns

From a statistical point of view, January is the best month for gold – and it’s not looking bad so far.

If December was already a good month for gold investors, January has got off to a good start. Calculated in euros, December brought an increase of almost 4.5 percent. If one looks at the development of the gold price since 1970, the result is an average gain of 2.8 percent. And the course jumps were often very large in January. The second best month is May, by the way. The corona pandemic is certainly influencing the gold price. With the vaccines, gold could trade weaker – as the safe haven may become less attractive – but given the immense financial consequences, gold should still be in demand.

In Germany, the announcement of the second hard lockdown has led to an enormous increase in demand for gold and also silver among German precious metal traders. Now the lockdown will be extended, who knows how long. So gold should remain attractive. The policy of cheap money and the escalating national debt will support the gold price for a long time to come. Fixed-term deposits lose their value and the so-called opportunity costs (the gold owner waives interest) can make gold shine at the current level of interest rates.

In uncertain times, gold is in great demand as a stable investment. In order to profit from the lucrative value of money with a strong leverage, it is advisable to invest part of the fixed assets in gold mining stocks. We know from history that the shares of gold companies perform better than the price of gold itself.

You could go on Ximen Mining – – Or think Revival Gold, two promising candidates among the gold mining companies.

Ximen Mining has several projects in British Columbia. In addition to the Treasure Mountain silver project, these are the Brett, Gold Drop, Amelia and Kennville gold projects.

The Beartrack Arnett Creek Gold Project of Revival gold – – is in Idaho. Initially, around 72,000 ounces of gold are to be produced annually at a total production cost of a good 1,000 US dollars per ounce.

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 thus a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

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