Such uncertain times drive precious metal prices, especially gold. After all, gold is considered a stable means of wealth preservation. And in such times, one often hears forecasts of even much higher gold prices. This raises the question of when the price of gold was at its highest. Before that, the question of how gold is traded needs to be addressed. Gold bullion is traded in dollars on major commodity markets such as London, Tokyo, New York or Hong Kong. The center of physical precious metals trading, including silver, is in London. The largest paper trade takes place at the New York Mercantile Exchange. The advantage of paper trading (gold futures market) for investors is the flexibility to liquidate assets, which is not so easy with physical gold, also it must be stored.
In addition to the futures market, investments can also be made in ETFs. These relate, for example, to gold futures, gold bars or gold mining shares. The highest gold price occurred on August 7, 2020, caused mainly by the economic uncertainties brought about by the pandemic. In 2021, some investors are likely to be disappointed due to the price trend of gold. The uptrend will come again. That's when you should do as veteran investor Rick Rule does and look at downtrends in the gold market as opportunities. Because, according to Rick Rule, the time is ripe for higher gold prices. A gold investor should think in the long term and put a few gold mining stocks in his portfolio in time.
Vizsla Silver - https://www.youtube.com/watch?v=Jyn9Pzia35w -, for example, could be considered. In Mexico, the company wholly owns almost 10,000 hectares of the Panuco district with silver and gold deposits. Drilling has returned high-grade gold and silver.
In Nicaragua, Condor Gold - https://www.youtube.com/watch?v=hUVPlEDWQIQ - has three prospective projects, with the La India project being particularly important. Recent drill results, for example, produced 10.51 grams of gold per tonne of rock.
Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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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