Inflation will fuel attractiveness of precious metals
Precious metals still represent the safe haven that investors head for
(PresseBox) - Not only the USA, but also Europe is highly indebted. High interest rates are hard to bear. Although printing money helps immediately and a collapse is avoided, this is not a cure for the whole thing. What can bring the economy back to a normal path is probably only a recession. Because then the economy can grow again. Inflation will remain high for the next few years, there is pretty much agreement on that by now. Further interest rate hikes are still necessary, but they reinforce the dilemma. As a result, prices for gold and also silver are likely to rise due to higher demand. The risks in terms of economic development are high and a recession is possible in the current year.
The development of the precious metal over the years shows that investors are backing the right horse by investing in the gold market, at least in the long term. Ten years ago, for example, a fine ounce of gold cost 1,576 U.S. dollars or 1,204 euros. At the beginning of March 2000, a good 290 U.S. dollars or 300 euros had to be paid for an ounce of gold. One factor that always puts pressure on the gold price is the US dollar. It is difficult to say whether it will remain strong in 2023. On the one hand, inflation and interest rate hikes have provided strength. But whether the interest rate differential between the U.S. and Europe (there are two currencies to consider) will continue to provide dollar strength is questionable. If less steeply rising interest rates are an issue with the Fed, as they have been recently, the U.S. dollar has immediately weakened significantly. Over the long term, gold is an excellent investment, including stocks such as Gold Terra Resource - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - or Calibre Mining - https://www.commodity-tv.com/play/calibre-mining-2023-corporate-presentation-on-organic-growth-outlook/. Gold Terra Resource owns the large Yellowknife City project in the Northwest Territories in the Yellowknife Greenstone Belt. Calibre Mining is a successful producer with projects in North and South America. Gold sales in 2022 marked a new record.
Latest corporate information and press releases from Gold Terra Resource (https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/) and Calibre Mining (https://www.resource-capital.ch/de/unternehmen/calibre-mining-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
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Unternehmensinformation / Kurzprofil:
Datum: 09.03.2023 - 09:54 Uhr
Sprache: Deutsch
News-ID 678876
Anzahl Zeichen: 4843
contact information:
Contact person: Jochen Staiger
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Phone: +41 (71) 3548501
Kategorie:
Financial Services & Insurance
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