Gold investments should be viewed in the medium to long term. Inflation fears and uncertainties dominate events. The price of the precious metal could go up quickly. The next target is USD 2,000 per troy ounce. Even though gold is currently not proving to be much of a hedge against inflation. Gold is not arbitrarily multipliable like the fiat currencies and according to general opinion, the gold price should have already moved more strongly upwards this year, simply because of the rising inflation rates.
But the moment for a higher gold price will come. Perhaps it is due to the recovering global economy and the increased interest in commodities for a more climate-friendly future, such as copper. But once inflation becomes more noticeable, and especially its impact on savings, investors will once again focus more on gold. In addition, the supply of gold from the mines tends to fall, because the gold content in the rock is decreasing. Moreover, there are not really many new gold discoveries. And the costs that are incurred for gold production are likely to go up. Energy, labour costs and other equipment are becoming more expensive, so that falling costs for gold mine operators will be the exception rather than the rule.
Gold and gold mining stocks are, in any case, according to unanimous opinion, a promising investment and should be owned by every well-diversified investor. Investments in well-positioned companies such as Condor Gold or Aguila American Gold would come into question.
Condor Gold - https://www.youtube.com/watch?v=hUVPlEDWQIQ - focuses on three gold projects in Nicaragua, among which the La India project is particularly noteworthy. Located there, the historic La India gold mine processed an estimated 1.7 million tons of rock at 13.4 grams of gold per ton of rock between 1938 and 1956.
Aguila American Gold - https://www.youtube.com/watch?v=UXv0BlRqAXU - operates in Oregon. The Wusa Gold-Silver Project provides for approximately 70,000 acres of land with mineral rights.
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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