Gold price brings joy without end
A troy ounce of gold currently costs more than 2,500 US dollars per troy ounce. What will happen next?
(PresseBox) - The price gain in gold suggests further upward potential. Although the price can always fall briefly, as there will always be profit-taking, all signs point to the best prospects for higher gold prices. The recent accusations against the US Mint show that the gold business is not always so simple. According to an audit report by the Office of the Inspector General of the US Treasury Department, the US Mint's gold procurement processes have not always been at their best. Gold originating from abroad was purchased that is associated with money laundering and terrorist financing. The US Mint is accused of failing to document and verify the origin of the gold purchased. There are therefore concerns about the origin of the gold. The Mint is also obliged to use newly mined gold. However, it relied on suppliers without checking the necessary documentation. However, compliance with legal and ethical standards is necessary. Increased controls will probably be the result.
Solid gold companies such as Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - ensure that all requirements are met when mining gold. The medium-sized gold producer, active in Nicaragua and the USA, expects gold production of 275,000 to 300,000 ounces for the current year. Not only gold, but also silver is a store of value. In a recent article, Elon Musk drew attention to three things. Silver, which should not be underestimated, a US dollar bill (fragility of paper currencies) and a Zimbabwean banknote (symbol of collapsing currencies). Gold and silver are real money!
In terms of silver, Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - is attracting attention with its silver-zinc-lead projects in northern Mexico, including the highly prospective Codero project, a world-leading silver project.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).
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.
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Unternehmensinformation / Kurzprofil:
Datum: 20.08.2024 - 17:22 Uhr
Sprache: Deutsch
News-ID 710295
Anzahl Zeichen: 4274
contact information:
Contact person: Jörg Schulte
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"Gold price brings joy without end"
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