Gold as an investment in March
(PresseBox) - From a statistical point of view, March is the worst month in terms of gold prices - so perhaps an opportunity for investors to get in on the action
February was not so refreshing for the price of the precious metal. Just gold again shows some strength. But even if the past three years brought a plus in March, in the long-term view, March is a month where there are losses. But as I said, about last year there was a plus of three percent. How special events affect the price of gold can be seen, for example, in the years of the financial and economic crisis of 2008/2009, when the price of gold crashed by about eight percent. In 2004, when several attacks shook Madrid, there was a plus of almost nine percent in March. Everyone should be aware of how uncertain times are today. Geopolitical crises are almost a daily occurrence, plus the war in Europe. Interest rates on loans have risen, but hardly any of the higher rates are reaching savers.
Vermont, the 44th state in the USA, has now discovered how important gold investments are. Taxes on the purchase of precious metals are to be curbed. In the last two years alone, five states in the USA have enacted or extended sales taxes on precious metals, most recently in Mississippi as the 43rd state overall, and now in Vermont. There, however, the tax exemption is to apply only to sales for a value of $1,000 or more and only if the first $1,000 of value is taxable. For small savers, this is not yet such good news. But the direction is clear. The national debt has exploded, the Fed has extremely multiplied the note dollars and savers have lost much of their purchasing power. The tax cuts are intended to counteract this. Since gold and silver can be used to protect purchasing power, investments in precious metals companies should also be considered, such as Vizsla Silver or Victoria Gold. Vizsla Silver - https://www.commodity-tv.com/play/mining-newsflash-with-vizsla-silver-torq-resources-first-tin-sibanye-stillwater-and-mawson-gold/ - owns the flagship Panuco project in Mexico, which is scoring with excellent drill results. In the Yukon, Victoria Gold - https://www.commodity-tv.com/play/mining-newsflash-with-skeena-resources-victoria-gold-and-consolidated-uranium/ - is already producing at its Eagle Gold Mine (555 square kilometers). 100 percent owned, the project scores with production growth and a long mine life.
Latest corporate information and press releases from Vizsla Silver (https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/ ) and Victoria Gold (https://www.resource-capital.ch/de/unternehmen/victoria-gold-corp/ )
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 generally 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 herein has been obtained from sources believed to be reliable, but in no way claims to be accurate 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
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Unternehmensinformation / Kurzprofil:
Datum: 06.03.2023 - 13:32 Uhr
Sprache: Deutsch
News-ID 678666
Anzahl Zeichen: 5071
contact information:
Contact person: Jochen Staiger
Town:
Herisau
Phone: +41 (71) 3548501
Kategorie:
Financial Services & Insurance
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"Gold as an investment in March"
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