If there is a blackout, i.e. if the power goes out for a longer period of time, then it would become difficult with communication, the water supply and with withdrawing cash. Even when paying electronically, people would face a problem without electricity. Gold and silver are mediums of exchange, they have real value, and even without electricity crises or other unpleasant events occurring, they are a cushion that provides peace of mind. Physical gold is like insurance. Currently, an entry into the gold market could be particularly rewarding, because the price of gold is relatively low.
And this despite the fact that from a seasonal perspective, now should actually be a good time for the gold price. The patterns of seasonality do not always fit. After all, times are anything but calm. On the one hand, a further interest rate step by the U.S. Federal Reserve is to be expected in September. On the other hand, a strong U.S. dollar is currently hindering the upswing in the gold price. After all, gold as a safe haven should actually have appeal in the face of adversity. But many investors in the northern hemisphere are certainly on vacation. Turnover on the world's leading stock exchange in New York is therefore also low.
But there are also eager gold buyers, such as the Qatar Central Bank, which significantly expanded its gold reserves in July. The Chinese also imported as much as 80 tons of gold from Switzerland in July, the most in a single month since 2016. Investors can now also make a determined move into gold stocks. For example, Tudor Gold or Trillium Gold Mines.
Tudor Gold - https://www.youtube.com/watch?v=hconKNJAX4w - is again pleased to report excellent drill results at its flagship Treaty Creek project in British Columbia.
Trillium Gold Mines - https://www.youtube.com/watch?v=5ILnR9Y6Vfc - is underway at the Red Lake mining district in Ontario and at additional properties in Larder Lake, Ontario.
Latest corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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