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April is a good month for gold





 

 

Twice in a row, April brought a plus in the gold price.

In February and March 2022, the gold price was able to post a plus for itself. Now we can look forward to what April will bring. If we compare the end of March 2021 and the end of March 2022, the price of the precious metal has risen by a good 21 percent. From a statistical point of view, April only ranks eighth out of the twelve months. For physical gold, demand was huge in March 2022, caused by the desire for safe havens and by the high inflation rate. For the U.S. Mint, it was the best March since 1999, with just over 155,500 ounces of various denominations of American Eagle gold bullion coins crossing the counter in March, up 73 percent from February. The first quarter of 2022 was also the best in 23 years for the U.S. Mint.

The reason is clear, it is the Ukraine war and inflation that are fueling demand. Rising consumer prices suggest that the high inflation rate in Europe is not just a temporary factor but could even get worse. And there is a risk that oil, gas and coal exports from Russia could grind to a halt. The consequences would be striking, with unemployment expected to rise sharply and major problems in various industries. Investors are therefore looking for protection for the purchasing power of their assets. Thus, in the current environment of increasing geopolitical uncertainties, strong demand for gold as a means of preserving value is not surprising. This includes the values of gold companies, which an investor should not ignore.

Chesapeake Gold – https://www.youtube.com/watch?v=ZQHD1y5fPuk – would come into question, with gold and silver deposits in North and South America. The flagship project is the Metates project, which has already brought successful drilling.

Fury Gold Mines – https://www.youtube.com/watch?v=R8_e53ggZfo – also has very good projects, this in British Columbia and Quebec.

Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).

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 8. April 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

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