Gold symbolizes true values
(PresseBox) -
The fact that gold impresses with its function as a store of value is well known.
Even with German craftsmanship, things don't seem to be going well, considering the two failed flight attempts of our Foreign Minister with the government plane. In any case, the current trend is for the price of gold to continue to decline, so it's time for favorable entry opportunities. In April, gold could still reach a peak price of $2,079 per ounce, back then the US banking crisis caused a stir.
And now it's the Chinese economy that seems to be becoming a cause for concern. Consumption is decreasing, unemployment numbers are rising, and there are issues in the real estate sector. Once again, a private real estate conglomerate is facing payment difficulties, named Country Garden, and it might not be the last. Unexpectedly by the majority, the central bank in China has lowered interest rates by 15 basis points. How this could affect the price of gold remains to be seen. If this stimulates consumption, it would certainly be positive for the price of the precious metal.
As for the USA, according to a survey, market sentiment seems to be betting on at most one more interest rate hike. After inflation figures decreased in the US, the inflation rate rose slightly to 3.2 percent in July compared to the same month last year. The Fed is guided by core inflation (excluding food and energy prices). This fell from 4.8 to 4.7 percent, as expected. If inflation (core inflation) weakens, this is positive for price pressure.
Gold investments should be made for the long term, and in that regard, the precious metal boasts a historically strong performance. Gold mining stocks, such as Victoria Gold or Calibre Mining, should also be part of the portfolio.
Victoria Gold - https://www.youtube.com/watch?v=RtRopjH_M90 - produces gold (since 2019). The open-pit gold mine is located in Yukon. In the second quarter of 2023, nearly 46,000 ounces of gold were produced.
Calibre Mining - https://www.commodity-tv.com/play/mining-news-flash-with-consolidated-uranium-calibre-mining-uranium-energy-and-collective-metals/ - is a medium-sized gold producer focused on North and South America. In 2023, the company was able to sell almost 135,000 ounces of gold. Further growth is the goal.
For current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
According to §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned and thus a possible conflict of interest may exist. No guarantee for the translation into German. Only the English version of this news is valid.
Disclaimer: The provided information does not constitute any recommendation or advice. The risks of securities trading are expressly pointed out. No liability can be accepted for damages caused by the use of this blog. I would like to point out that stocks and especially option investments are generally associated with risks. The total loss of the capital invested cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all content. Despite the utmost care, I expressly reserve the right to make an error, especially with regard to figures and prices. The information contained comes from sources that are considered reliable but by no means claim to be correct or complete. Due to judicial decisions, the contents of linked external pages are also to be held responsible (including, among others, the Hamburg Regional Court, in the judgment of May 12, 1998 - 312 O 85/98), as long as there is no express distancing from them. Despite careful content control, I do not assume any liability for the content of linked external pages. The respective operators are solely responsible for their content. The Disclaimer of Swiss Resource Capital AG also applies additionally: https://www.resource-capital.ch/en/disclaimer-tc/.
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2023 - 07:13 Uhr
Sprache: Deutsch
News-ID 689372
Anzahl Zeichen: 4667
contact information:
Contact person: Jörg Schulte
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Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
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"Gold symbolizes true values"
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