Central banks and investors love gold. For multi-millionaire Buffett, gold is an investment that produces nothing. With gold, according to Buffett, investors rely on fear. His investment philosophy was to buy into promising companies at good prices. The argument about fear cannot be dismissed out of hand. US President Donald Trump has thrown the global market into turmoil and the price of gold has risen to record highs. Crises and wars always make the precious metal more attractive. In any case, chart technicians are assuming an overarching gold price rally due to the current uncertainties and circumstances, even if the precious metal has had to give up some ground recently. Gold is an insurance policy against known and unknown risks and gold and/or gold shares should be part of every well-diversified portfolio.
Incidentally, gold investments have generated an average annual return of more than twelve percent over the past ten years. Of course, there have also been years with negative returns, but it is important to remember that gold investments are not intended for short-term investments. After all, every major upward movement is also associated with setbacks or a sideways trend in the gold price. But since gold should continue to shine in the future, here is a look at two mining companies with gold in the ground.
Gold and antimony are held by Southern Cross Gold - https://www.commodity-tv.com/ondemand/companies/profil/southern-cross-gold-consolidated-ltd/ - at its flagship Sunday Creek project in Australia. The project consistently has exceptionally high gold grades.
With the Metates project in the Mexican state of Durango, Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - owns a very large undeveloped gold-silver deposit. There is also the Talapoosa project (gold and silver) in Nevada and the Lucy project in Mexico.
Current company information and press releases from Southern Cross Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -).
Intro-Bild: Stock.Adobe.com
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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