The "In Gold We Trust" report, which is published annually, is certainly familiar to many. An interesting piece from wealth manager Incrementum is the comparison between the cost of the latest iPhone versus the price of gold. The graph, which lists the list of iPhone variants released and at the same time the evolution of the gold price, leads to an exciting result. The ratio of the two to each other remains practically the same. So, gold can be used to buy a new iPhone model, there is no loss of purchasing power - unlike paper currencies, which have less and less purchasing power due to inflation and zero interest rate policy. In the fall of 2012, for example, the iPhone 5 was released, and the gold-to-iPhone ratio was very high then, as was the price of gold (around $1,700 per troy ounce).
When buying a new iPhone, it might be a good idea to put the corresponding amount of gold next to it so that you can buy it cheaply when the next model is replaced, without losing purchasing power, since you pay for the phone with the gold you put back. Given the high price of Apple devices, this is a good idea. But gold as an investment is always a good idea, because the value preservation function of the precious metal can be proven over a long period of time. And if the price of gold rises, the gold companies naturally benefit, because their gold in the projects becomes more valuable, thus the company as a whole.
One successful mid-sized gold producer is Calibre Mining - https://www.youtube.com/watch?v=ROarJZeeC2c -. Its projects are located in Washington, Nevada and Nicaragua.
Skeena Resources - https://www.youtube.com/watch?v=tp39Z3Q1k00 - should be on track for success with its revival of the formerly producing Eskay Creek gold-silver mine in British Columbia.
Current corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Skeena Resources (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -).
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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