.
The rally in the price of gold is even leading to bars and coins being melted down.
In addition to high gold sales, the number of gold buyers is also increasing. Normally, strong price increases tend to lead to restraint. However, the current price trend of the precious metal is leading to the curious practice of melting it down. It is understandable that there are customers who sell their precious metals in order to make lucrative profits. This applies to both gold and silver. However, the buyers seem to outnumber the sellers. And shortages of gold and silver coins are already expected in the medium term. It is still possible to find a "bargain" on second-hand goods and new goods subject to differential taxation (silver coins) for both Krugerrand gold coins and Maple Leaf silver coins. However, prices should always be compared. One possible reason for the gold price rally could be the high demand for gold in the Far East.
Gold is therefore moving towards China. In addition to the high level of investor interest, risks in international relations, increasing militarization and geopolitical confrontations are certainly partly responsible for the rise in gold and silver prices. In addition, the outcome of the US elections is uncertain and for many will be another moment that leads to gold. And the so-called "soft landing", which is probably expected by the majority, would cause the US dollar to fall and lift the price of gold. So, there is still plenty of room for the price to go up, more than down. So go for gold and the stocks of gold companies.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - has high-grade projects in Quebec and Nunavut as well as a large share package in Dolly Varden Silver.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - owns gold and gold-copper properties in the USA as well as a uranium project. In addition, there are shareholdings in U.S. GoldMining, for example.
Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -)
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/
The rally in the price of gold is even leading to bars and coins being melted down.
In addition to high gold sales, the number of gold buyers is also increasing. Normally, strong price increases tend to lead to restraint. However, the current price trend of the precious metal is leading to the curious practice of melting it down. It is understandable that there are customers who sell their precious metals in order to make lucrative profits. This applies to both gold and silver. However, the buyers seem to outnumber the sellers. And shortages of gold and silver coins are already expected in the medium term. It is still possible to find a "bargain" on second-hand goods and new goods subject to differential taxation (silver coins) for both Krugerrand gold coins and Maple Leaf silver coins. However, prices should always be compared. One possible reason for the gold price rally could be the high demand for gold in the Far East.
Gold is therefore moving towards China. In addition to the high level of investor interest, risks in international relations, increasing militarization and geopolitical confrontations are certainly partly responsible for the rise in gold and silver prices. In addition, the outcome of the US elections is uncertain and for many will be another moment that leads to gold. And the so-called "soft landing", which is probably expected by the majority, would cause the US dollar to fall and lift the price of gold. So, there is still plenty of room for the price to go up, more than down. So go for gold and the stocks of gold companies.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - has high-grade projects in Quebec and Nunavut as well as a large share package in Dolly Varden Silver.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - owns gold and gold-copper properties in the USA as well as a uranium project. In addition, there are shareholdings in U.S. GoldMining, for example.
Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -)
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/
