Using nuclear fusion, the company converts mercury into energy and has now also succeeded in transforming it into gold. According to the company, power plants can generate 5,000 kilograms of gold per gigawatt of electricity produced annually. And this without compromising on power generation. This would even be economically viable, as the profits from selling the gold could actually reduce electricity costs. The ancient alchemists' dream of creating gold would thus be fulfilled. However, there is a downside. The gold would have to be stored for seven to 17 years because it would be radioactive. So there are still considerable obstacles to overcome, and the gold still has to be extracted from the ground by mining companies.
The price of gold has just taken a slight dip because the US Federal Reserve has not raised key interest rates. And the Fed does not seem to be in any hurry to lower interest rates in September either, although the probability of this happening is higher than it is now. An interest rate cut would benefit the price of gold. Chart technicians believe that the gold price would have to rise above US$3,377 for the upward trend to continue. If the price of an ounce of gold exceeds US$3,400, the all-time high could be targeted again. The US president has just announced various new tariffs, for example on imports from Brazil, India, and South Korea. Uncertainty therefore continues, and gold is set to shine in the longer term. Low prices represent buying opportunities, and gold companies should not be overlooked when considering investments.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/- owns the Cariboo (Canada), San Antonio (Mexico), and Tintic (US) projects. Production at Cariboo (approximately 190,000 ounces of gold per year over ten years) is scheduled to start in 2027.
Goldshore Resources - https://www.commodity-tv.com/ondemand/companies/profil/goldshore-resources-inc/- has the advanced Moss Gold Project in Ontario. Wholly owned, the project is well-serviced and has produced excellent drill results.
Current company information and press releases from Goldshore Resources (- https://www.resource-capital.ch/en/companies/goldshore-resources-inc/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).
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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