Even though the gold price has taken another step in the wrong direction, downwards, in the long term many are positive.
If we look into the past, when the price of the precious metal has been on the verge of an upward breakout, it is the years 1971 and 1972. On August 15, 1971, the incumbent U.S. President Richard Nixon removed the gold peg of the U.S. dollar. Previously, $35 could be exchanged for one troy ounce of gold. This burst in the price of gold was made from above, i.e., artificial in nature. Nevertheless, the period from 1968 to 1972 can be compared with today. At that time, there was high inflation and the Fed raised interest rates to nine percent. Now we still have to expect further interest rate hikes by the Fed and real interest rates are still high.
Those who see a price above $2,000 per ounce coming are, for example, the French bank Société Générale. The bank's analysts justify this with the fact that the central banks will not manage to bring inflation under control. By the end of 2023, they forecast a price of $2,200 per ounce. Gold serves as a long-term inflation hedge, and central bank demand for gold continues to support the price. Fiat currencies are weakening, and this will boost the gold price.
The outlook is good, even if the price of the precious metal is not so joyful right now. If the central banks and especially the Fed say goodbye to their restrictive monetary policy, then the way is paved for new all-time highs. This will then also be good for the well-positioned companies with gold in their projects, such as Condor Gold, Torq Resources or Vizsla Silver.
Condor Gold - https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ - is focused on Nicaragua. The La India gold project is located there, as well as the company's Estrella and Rio Luna projects.
Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - has gold and copper in its projects in Chile, such as the Santa Cecilia gold-copper project.
In Mexico, Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is working on the previously producing Panuco silver-gold project. According to estimates, it contains an indicated mineral resource of around 104 million silver equivalent ounces.
Current corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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 errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
If we look into the past, when the price of the precious metal has been on the verge of an upward breakout, it is the years 1971 and 1972. On August 15, 1971, the incumbent U.S. President Richard Nixon removed the gold peg of the U.S. dollar. Previously, $35 could be exchanged for one troy ounce of gold. This burst in the price of gold was made from above, i.e., artificial in nature. Nevertheless, the period from 1968 to 1972 can be compared with today. At that time, there was high inflation and the Fed raised interest rates to nine percent. Now we still have to expect further interest rate hikes by the Fed and real interest rates are still high.
Those who see a price above $2,000 per ounce coming are, for example, the French bank Société Générale. The bank's analysts justify this with the fact that the central banks will not manage to bring inflation under control. By the end of 2023, they forecast a price of $2,200 per ounce. Gold serves as a long-term inflation hedge, and central bank demand for gold continues to support the price. Fiat currencies are weakening, and this will boost the gold price.
The outlook is good, even if the price of the precious metal is not so joyful right now. If the central banks and especially the Fed say goodbye to their restrictive monetary policy, then the way is paved for new all-time highs. This will then also be good for the well-positioned companies with gold in their projects, such as Condor Gold, Torq Resources or Vizsla Silver.
Condor Gold - https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ - is focused on Nicaragua. The La India gold project is located there, as well as the company's Estrella and Rio Luna projects.
Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - has gold and copper in its projects in Chile, such as the Santa Cecilia gold-copper project.
In Mexico, Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is working on the previously producing Panuco silver-gold project. According to estimates, it contains an indicated mineral resource of around 104 million silver equivalent ounces.
Current corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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 errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
