Life is getting more expensive, eats up savings - bet on gold
Not only energy and food are expensive, banks and savings banks are also turning the price screw
(PresseBox) - Interest rates on real estate loans are rising, as are account maintenance fees for individuals. Ten-year mortgages have doubled since the end of 2021 and are now often at two percent or above. Corporate loans are also expected to become more expensive. At the same time, there are still 576 banks and savings banks charging negative interest rates. In 2022, around half of the credit institutions are planning fee increases. The inflation rate for the current year is forecast to average more than six percent in Germany, compared with 7.3 percent at present.
It can not be said often enough, value preservation succeeds over time with the precious metal gold, this proves history. The gold price is currently influenced not only by supply and demand, but also by the war in Ukraine, inflation and the actions of the Federal Reserve. In the U.S., consumer prices rose at the beginning of the year at the fastest rate in 40 years. As a result, inflation in the U.S. rose 8.5 percent over the same month last year. The culprits are the upward spike in energy prices and supply chain problems, which are spreading to a wide variety of areas in our country as well.
Thus, gold will certainly continue to gain in value this year. The much more aggressive behavior of the Fed is not an obstacle. With the war in Ukraine now likely to move to other parts of the country, there is no end in sight and so the period of rising inflation is also likely to drag on. An investment in solid gold mining stocks could help, for example in Tudor Gold or Trillium Gold Mines. Tudor Gold - https://www.youtube.com/watch?v=M1tQxkYRgu4&t=1s -is active in the Golden Triangle in British Columbia, where it owns the promising Treaty Creek project, as well as an interest in the Crown project and a stake in the Eskay North project. Trillium Gold Mines - https://www.youtube.com/watch?v=EJhYV3h0pLA - has 55,000 hectares of prime Ontario gold country in the Red Lake Mining District with the Newman-Todd Complex.
Latest corporate information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/de/unternehmen/trillium-gold-mines-inc/).
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.
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Datum: 14.04.2022 - 07:40 Uhr
Sprache: Deutsch
News-ID 658576
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