On the one hand, gold is resistant to many other substances, it has a high ductility. Due to its corrosion ability, gold can be excellently used in innovative technology areas. Thus, gold occupies an important role in the electrical industry (wires, contacts, circuit boards, dental technology). Secondly, gold is a significant, if not the most significant, investment opportunity. And it has also shown some resilience in the Fed's tightening. Although the price of the precious metal fell at first, it then rescued itself back above $1,700. No wonder, because the high inflation figures mean that the real interest rate remains at a very low level.
The European Central Bank also surprised the investing world by raising interest rates by 0.5 percentage points. But here, too, it must be remembered that there are record high inflation figures in Euroland. The cheering of no-longer-negative interest rates is wastepaper. Real interest rates are at record lows. Anyone who has their money lying around at home or considers "super offers" from the banks for a few tenths of a percent in overnight money to be good, should consider how purchasing power is diminishing at the current rate of inflation - including interest. That is why hedging is important and what hedge has been better over the centuries than gold. Therefore, gold should be in any case in the depot. Investors willing to take risks can leverage the gold price with equity investments. Well positioned gold companies include GCM Mining and Trillium Gold Mines.
GCM Mining - https://www.youtube.com/watch?v=F_nfBdS8N08 - will recover between 210,000 and 225,000 ounces of gold from its Segovia operations in Colombia this year.
Trillium Gold Mines - https://www.youtube.com/watch?v=OQxJr2torsE - is active in the acquisition, exploration and development of projects in the Red Lake Mining District in Ontario and has built up a large property package there.
Current corporate information and press releases from GCM Mining (- https://www.resource-capital.ch/en/companies/gcm-mining-corp/ -) and 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.
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 accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/