Every year Saxo Bank publishes the exciting "Outrageous Predictions".
Online and trading and investment specialist Saxo Bank, has once again announced predictions of unlikely events. These would, if they came true, shake financial markets, politics and cultures. Sometimes, however, Saxo Bank's predictions have already come true. The main argument of this year's forecasts is based on the idea that a return to pre-pandemic disinflationary dynamics is impossible because of a global war economy. There would be similarities between the Europe of today and the Europe of the early twentieth century. Back then, Europe lay in ruins after a terrible war. Central banks and governments will lose the battle against inflation. The price of gold could rise to $3,000 per ounce due to unstoppable inflation, according to Saxo Bank. China's end of zero-covid is driving up demand, commodity prices and inflation.
Price controls are intended to limit inflation. Countries not allied with the U.S. move away from the U.S. and the International Monetary Fund. They create a new reserve asset called Bancor. U.S. dollar reserves are cut, and the U.S. dollar falls 25 percent against several other currencies that trade with Bancor. The OECD bans the largest tax havens on earth in 2023. So, Saxo Bank's predictions are always interesting reading, and as I said, some of the predictions have come true. However, 2023 develops, a small gold stock and a few gold stocks in the portfolio are always advisable. Well positioned gold companies are for example Victoria Gold or Tarachi Gold.
In the Yukon, Victoria Gold - https://www.youtube.com/watch?v=jL81G8xMZhk - is producing at its Eagle Gold Mine (50,000 ounces in the third quarter of 2022). Reserves are 3.3 million ounces of gold, with the project still open in several directions.
Tarachi Gold has gold, silver, copper and zinc in the ground. The projects, Tarachi and Magistral Mill and Tailings are located in mining-friendly Mexico.
Latest company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).
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