Now everything becomes more expensive
(PresseBox) - For the first time in 28 years, the inflation rate in Germany has risen to over four percent.
In September 2021, for example, consumer prices rose by 4.1 per cent compared with the same month last year. This is a bitter pill for consumers and savers. High energy prices are the main culprit, with demand for crude oil having risen significantly. So, for consumers the euro is worth less, you can buy less with it and savings accounts are also losing value. In the Eurozone as a whole, inflation is marking a 13-year high. The inflation rate was found to be 3.4 percent. Compared to September 2020, core inflation in the eurozone rose to 1.9 percent. In the previous year, it was 1.6 percent.
As the Commerzbank subsidiary Comdirect has calculated, the real interest rate (interest on savings deposits after deduction of the inflation rate) in Germany is now at a historic low of minus 3.82 percent. From January to September, German savings deposits have lost approximately 47 billion euros in value. As many experts would have the citizens believe, this development is only temporary and due to Corona special factors, we will see. In any case, at the moment we have to live with it. If high inflation and negative interest rates remain, the gold price should break out to the upside. That hasn't happened yet, although gold is seen as a hedge against inflation and a safe haven in times of crisis. Now is the time to position oneself with gold investments before gold becomes expensive.
This is possible with gold mining stocks, for example Fury Gold Mines - https://www.youtube.com/watch?v=bfEJaSmPGxg . The company's projects in Quebec, Nunavut and British Columbia contain several million ounces of gold in the ground.
Aguila American Gold's - https://www.youtube.com/watch?v=XkYjo1T4diE - Wusa gold project in Oregon also looks promising. The property comprises about 70,000 hectares of land.
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/
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2021 - 08:13 Uhr
Sprache: Deutsch
News-ID 648828
Anzahl Zeichen: 3977
contact information:
Town:
Herisau
Kategorie:
Financial Services & Insurance
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"Now everything becomes more expensive"
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