Home » Internet, Picture Gallery » Where will the gold price stand at the end of the year-

Where will the gold price stand at the end of the year-





 

If you look at the forecasts of major financial institutions, they range from $1,500 to $2,500.

Predicting the price of gold is not easy, as can be seen from the very different forecasts. At present, the price of the precious metal has exceeded the USD 2,000 mark for the second time after the all-time high in August 2020. This is also positive for the shares of gold companies, especially if the rally continues. The gold lying in the bottom of the projects has now become much more valuable. Inflation is affecting the bond markets; the real safe haven remains gold. The price of gold reached a record high in 1980, when the price of a troy ounce of gold rose to around US$850. This doesn\-t seem like much, but if you adjust the total for inflation, the true price of gold was nearly $3,000 per ounce. At that time, investors propped up the U.S. dollar with bonds, and the price of gold subsequently plunged by more than 60 percent.

Today, times are anything, but normal, so different rules apply. Gold is coveted because it is a tangible commodity that is preserved, unlike money when banks stop paying out. Gold can also be exchanged at any time. Or if accounts are frozen, the physical gold in one\-s possession remains a valuable commodity over which strangers have no control. Even if the Fed raises interest rates, this will be far from ending the days of negative real interest rates. Thus, gold remains the means of choice to preserve wealth and to be on the safe side. And so, the portfolio should also include a few gold stocks. For example, Trillium Gold Mines or Torq Resources.

Trillium Gold Mines – https://www.youtube.com/watch?v=7rLWA5wXDY0 – controls approximately 55,000 hectares of land in the Red Lake Mining District in Ontario, where major gold discoveries have already been made.

Torq Resources – https://www.youtube.com/watch?v=_znAPvgkYvM – is looking after copper and gold areas in Chile, namely the Santa Cecilia, Margarita and Andrea projects.

Current corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/





Posted by on 11. March 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Archive

Recent Comments

    © 2022 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia


    Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de