Hopes of a spring 2022 return to pre-pandemic economic levels seem dashed for the time being. The sanctions against Russia are weakening the economy here at home and elsewhere. Supply chains that were partially disrupted and are still vulnerable could now be weakened again. When it comes to energy, Germany is dependent on Russia. The German government will probably increasingly think about dependencies on other countries when it comes to raw materials.
Wars usually have only a temporary effect on the gold price. It has a stronger effect and drives up the gold price when the general population suffers a loss of confidence in the financial system. In February, inflation in the euro area was 5.8 percent year-on-year, which was more than expected. Food and energy were particularly responsible for this rate of inflation. Governments are caught in debt traps, some of which are huge, real interest rates are low and assets are losing value. Counteracting this and preserving purchasing power would be the desire. This succeeds, as history has shown, with gold. Especially in adverse and economically bad times, gold is suitable as a rock in the surf. It serves as a store of value and is the cornerstone of a balanced investment strategy. This includes shares in gold companies, which provide leverage to the gold price.
Fury Gold Mines - https://www.youtube.com/watch?v=VohdV1sLt1k - owns promising projects in Quebec and British Columbia. Several million ounces of gold are involved.
Caledonia Mining - https://www.youtube.com/watch?v=7uFCyHCv-zs - is a successful gold producer in Zimbabwe. The dividend-paying company has their acceptance for the Blanket mine behind it, thanks to the participation of local investors.
Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-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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