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Gold price goes up





 

In 1930, one US dollar or 1/100 ounce of gold could buy about 11 loaves of bread. In 2021, the 1/100 ounce of gold bought a good eight loaves of bread, but the one U.S. dollar bought only half a loaf. So gold has maintained its value much better. So the precious metal moves in value fairly independently, serving as a risk diversifier and protecting against events that cause real estate, for example, to lose value. In the pandemic year of 2020, gold hit a record high and outperformed bonds. Today in the time of the Ukraine war, fears of a combination of high inflation and slow economic growth (\”stagflation\”) are rising. This is driving up the price of gold. While large economies are supporting the economic recovery, at the same time debt is rising faster than the economy is growing.

It is uncertain when inflationary pressure will rise and thus the attractiveness of gold as a safe haven. In any case, as long as the war continues, energy and food prices will remain high and even continue to go up. Supply chain problems will also remain. After all, Russia is the third largest producer of crude oil and also the third largest in terms of wheat production. Add to that the fact that Ukraine is the fifth largest producer of corn. Exports from these two countries are lacking or reduced, which in turn is reflected in prices. In this environment, the gold price was able to record the best quarter in two years.

So it\-s high time to look around at gold companies, for example Chesapeake Gold or Condor Gold. Chesapeake Gold – https://www.youtube.com/watch?v=ZQHD1y5fPuk&t=1s – is active in North and South America. Main project is the Metates project, which convinces with nice drill results. Condor Gold – https://www.youtube.com/watch?v=kylBHygyO-Q&t=2s – owns 100% of the La India gold project in Nicaragua, which is already fully permitted and in production set up mode.

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The

disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.





Posted by on 21. 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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